HF 756

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:41am

A bill for an act
relating to capital improvements; appropriating money for a bicycle and
pedestrian trail to connect the Northtown Transit hub to the metropolitan regional
trail and to provide a safe route for elementary school students; 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 $500,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for a grant to Coon Rapids to predesign, design, and construct a bicycle and pedestrian
trail along 85th Avenue westbound from the BNSF Railroad tracks to East River Road and
through adjacent park land to connect with the regional trail in the city of Coon Rapids.
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
$500,000 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