HF 493

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to appropriations; appropriating money to 
  1.3             repair and restore the aerial lift bridge in Duluth; 
  1.4             authorizing the sale of state bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [DULUTH AERIAL LIFT BRIDGE.] 
  1.7      $1,900,000 is appropriated from the bond proceeds fund to 
  1.8   the department of trade and economic development for a grant to 
  1.9   the city of Duluth for capital repair and restoration of the 
  1.10  aerial lift bridge.  This appropriation is available when 
  1.11  matched by $1 of money secured or provided by the city of Duluth 
  1.12  for each $1 of state money. 
  1.13     Sec. 2.  [BOND SALE AUTHORIZATION.] 
  1.14     To provide the money appropriated in this act from the bond 
  1.15  proceeds fund, the commissioner of finance shall sell and issue 
  1.16  bonds of the state in an amount up to $1,900,000 in the manner, 
  1.17  upon the terms, and with the effect prescribed by Minnesota 
  1.18  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.19  Constitution, article 11, sections 4 to 7. 
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     Sections 1 and 2 are effective the day after their final 
  1.22  enactment.