HF 2578

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/15/2023 12:15pm

A bill for an act
relating to capital investment; appropriating money for state-owned public water
access facilities; authorizing the issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin PUBLIC WATER ACCESS AND BOATING FACILITIES ON PUBLIC
WATERS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $50,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for capital improvements to state-owned
public water access and state-owned boating facilities on public waters.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $50,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end