SF 2866
Introduction - 89th Legislature (2015 - 2016)
Posted on 03/18/2016 10:41 a.m.
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A bill for an act
relating to capital improvements; appropriating money to the Metropolitan
Council for regional park and open-space land acquisition and improvements;
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.
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$11,000,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for the cost of improvements and betterments of a capital nature and acquisition by the
council and local government units of regional recreational open-space lands in accordance
with the council's policy plan as provided in Minnesota Statutes, section 473.147.
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Sec. 2. new text begin BOND SALE.
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To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $11,000,000, 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.
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Sec. 3. new text begin EFFECTIVE DATE.
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Sections 1 and 2 are effective the day following final enactment.
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