HF 1996

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 investment; appropriating money 
  1.3             for South St. Paul landfill reclamation and conversion 
  1.4             to parkland; authorizing the issuance of state general 
  1.5             obligation bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION; SOUTH ST. PAUL REGIONAL PARKS 
  1.8   AND TRAILS.] 
  1.9      $5,000,000 is appropriated from the bond proceeds fund to 
  1.10  the commissioner of natural resources for a grant to the city of 
  1.11  South St. Paul for the closure, capping, and remediation of 
  1.12  approximately 80 acres of the Port Crosby construction and 
  1.13  demolition debris landfill in South St. Paul, as the fourth 
  1.14  phase of converting the land into parkland, and to restore 
  1.15  approximately 80 acres of riverfront land along the Mississippi 
  1.16  River. 
  1.17     Sec. 2.  [BOND SALE.] 
  1.18     To provide the money appropriated in section 1 from the 
  1.19  bond proceeds fund, the commissioner of finance shall sell and 
  1.20  issue bonds of the state in an amount up to $5,000,000 in the 
  1.21  manner, on the terms, and with the effect prescribed by 
  1.22  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.23  Minnesota Constitution, article XI, sections 4 to 7. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     This act is effective the day following final enactment.