HF 1929

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/05/2025 11:32 a.m.

A bill for an act
relating to capital investment; appropriating money for capital improvements to
the Coon Rapids Dam; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin THREE RIVERS PARK DISTRICT; COON RAPIDS DAM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,084,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant under Minnesota Statutes, sections
103G.511 and 103G.515, to the Three Rivers Park District to design, engineer, and construct
improvements and betterments of a capital nature to the Coon Rapids Dam located on the
Mississippi River to improve the structural integrity, safety, and operational capabilities of
the dam.
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 $7,084,000 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