HF 786

as introduced - 88th Legislature (2013 - 2014) Posted on 02/22/2013 01:39pm

A bill for an act
relating to capital investment; appropriating money for regional trail design and
development of the Beaver Island Trail; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin BEAVER ISLAND TRAIL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of St. Cloud as a
member of the Central Minnesota Regional Parks and Trails Coordination Board for
design and development of approximately 0.5 miles of a grade-separated bicycle and
pedestrian segment of the Beaver Island Trail along the Mississippi River in St. Cloud,
Minnesota of the Beaver Island Trail. No local match is required.
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 $1,000,000 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.
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