as introduced - 90th Legislature (2017 - 2018) Posted on 03/16/2017 01:29pm
Engrossments | ||
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Introduction | Posted on 03/16/2017 |
A bill for an act
relating to capital investment; appropriating money for the Glacial Lakes Trail;
authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$2,590,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources to acquire land and develop an approximately
five-mile spur from the Glacial Lakes Trail through New London and into Sibley State Park,
including a separated grade crossing of Trunk Highway 71 and a separated grade crossing
of County Highway 40.
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To provide the money appropriated in subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $2,590,000 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.
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This section is effective the day following final enactment.
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