HF 373

as introduced - 89th Legislature (2015 - 2016) Posted on 01/26/2015 01:54pm

A bill for an act
relating to capital investment; appropriating money for a pedestrian and bicycle
bridge over the Mississippi River in Grand Rapids; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin MISSISSIPPI RIVERFRONT PEDESTRIAN BRIDGE, GRAND
RAPIDS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $664,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Grand Rapids to
design and construct a pedestrian and bicycle bridge over the Mississippi River in the city
of Grand Rapids. The bridge must connect to the existing trail systems on each side of the
river. This appropriation is not available until the commissioner of management and budget
determines that at least an equal amount is committed to the project from nonstate sources.
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 $664,000 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