HF 244

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:35am

A bill for an act
relating to capital investment; authorizing the sale and issuance of state bonds;
appropriating money for dam repair on Balsam Lake in Itasca County.

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

Section 1. new text begin NATURAL RESOURCES; BALSAM LAKE DAM REPAIR.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $250,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources to repair the dam on Balsam Lake in Itasca
County, in order to improve safety and maintain lake levels, under Minnesota Statutes,
sections 103G.511 and 103G.515.
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 subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $250,000 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