SF 1998

Introduction - 86th Legislature (2009 - 2010)

Posted on 02/09/2010 02:24 a.m.

A bill for an act
relating to capital improvements; appropriating money for the Cuyuna Country
State Recreation Area and Cuyuna Lakes State Trail; 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 $2,250,000 is appropriated from the bond proceeds fund to the commissioner of
natural resources as provided in this section. $1,250,000 is for the development of the
Cuyuna Country State Recreation Area established under Minnesota Statutes, section
85.013. $1,000,000 is for development of the Cuyuna Lakes State Trail, established
under Minnesota Statutes, section 85.015.
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
$2,250,000 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