HF 1809

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

  1.1                          A bill for an act 
  1.2             relating to capital improvements; appropriating money 
  1.3             for emergency riverbank protection in the city of 
  1.4             Crookston; authorizing the sale of state bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [CROOKSTON RIVERBANK PROTECTION.] 
  1.7      Subdivision 1.  [APPROPRIATION.] $3,500,000 is appropriated 
  1.8   from the bond proceeds fund to the commissioner of employment 
  1.9   and economic development for the public facilities authority to 
  1.10  make a grant to the city of Crookston to predesign, design, and 
  1.11  construct emergency riverbank protection and erosion control 
  1.12  measures in the vicinity of U.S. Highway 2.  For the purposes of 
  1.13  this appropriation, the criteria, limitations, and repayment 
  1.14  requirements in Minnesota Statutes, sections 446A.07, 446A.072, 
  1.15  and 446A.081, are waived. 
  1.16     Subd. 2.  [BOND SALE.] To provide the money appropriated in 
  1.17  this act from the bond proceeds fund, the commissioner of 
  1.18  finance shall sell and issue bonds of the state in an amount up 
  1.19  to $3,500,000 in the manner, upon the terms, and with the effect 
  1.20  prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, 
  1.21  and by the Minnesota Constitution, article XI, sections 4 to 7. 
  1.22     Sec. 2.  [EFFECTIVE DATE.] 
  1.23     This act is effective the day following final enactment.