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HF 935

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/26/2023 03:27pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14

A bill for an act
relating to capital investment; appropriating money for the port development
assistance program; authorizing the sale and issuance of state bonds.


Section 1. new text begin PORT DEVELOPMENT ASSISTANCE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $40,400,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for purposes of the port development assistance
program under Minnesota Statutes, chapter 457A. Any improvements made with the proceeds
of these grants must be publicly owned.
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 $40,400,000 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