HF 2104

as introduced - 87th Legislature (2011 - 2012) Posted on 02/08/2012 12:00pm

A bill for an act
relating to capital investment; appropriating money for the 26th Avenue North
Parkway in Minneapolis; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin 26TH AVENUE NORTH PARKWAY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the Minneapolis Park and Recreation Board
to predesign the conversion of 26th Avenue North between Theodore Wirth Regional Park
and the Mississippi River from an urban street to a parkway and to design, engineer, and
construct a complete street pilot project within the corridor.
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 $1,500,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end