SF 2416

Introduction - 85th Legislature (2007 - 2008)

Posted on 12/15/2009 12:00 a.m.

A bill for an act
relating to capital improvements; appropriating money for Cuyuna State
Recreation Area; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $2,000,000 is appropriated from the bond proceeds fund to the commissioner of
natural resources to construct a new access road, rustic campground, support facilities
for biking and scuba activities, and for other improvements of a capital nature at the
Cuyuna State Recreation Area.
new text end

new text begin This appropriation includes $150,000 for a match to federal funds, for development
of a natural surface, minimal impact trail to be used for mountain biking and other
compatible uses.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$2,000,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end