SF 2829

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 neighborhood land
trusts; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATIONS; MINNESOTA HOUSING FINANCE AGENCY.
new text end

new text begin Subdivision 1. new text end

new text begin Publicly owned neighborhood land trusts. new text end

new text begin $....... is appropriated
from the bond proceeds fund to the Minnesota Housing Finance Agency for capital costs
associated with publicly owned neighborhood land trusts under Minnesota Statutes,
sections 462A.30 and 462A.31.
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 subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $....... 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