HF 2631

as introduced - 92nd Legislature (2021 - 2022) Posted on 05/13/2021 03:22pm

A bill for an act
relating to capital investment; appropriating money for the acquisition of Niagara
Cave in Fillmore County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin NIAGARA CAVE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,400,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for the acquisition of approximately nine acres of
real property located at 29842 County Road 30, in Fillmore County, including all
improvements and appurtenant fixtures thereto, equipment, and all legally transferable rights
to the Niagara Cave system that extends under adjacent property, for development as a state
park or recreation area. The conveyance under this section must be in a form approved by
the attorney general.
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 $3,400,000 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