as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:31pm
Engrossments | ||
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Introduction | Posted on 01/08/2010 |
A bill for an act
relating to capital investment; authorizing the sale and issuance of state bonds;
appropriating money to acquire land for the St. Cloud Regional Airport.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$2,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the City of St. Cloud to
purchase approximately 800 acres of land adjacent to the St. Cloud Regional Airport.
This appropriation is not available until the commissioner of management and budget
determines that at least $2,000,000 is committed to the project from nonstate sources.
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To provide the money appropriated by 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 $2,000,000 in the manner, on 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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