HF 2652

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for 
  1.4             metropolitan regional park acquisition and betterment. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $10,466,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of natural resources for a grant to the 
  1.9   Metropolitan Council.  The commissioner shall pay the amount on 
  1.10  a reimbursement basis to the Metropolitan Council upon receipt 
  1.11  of a certified copy of a council resolution requesting payment.  
  1.12  The appropriation must be used to pay the cost of improvements 
  1.13  and betterments of a capital nature, and acquisition by the 
  1.14  council and local government units of regional recreational 
  1.15  open-space lands in accordance with the council's policy plan as 
  1.16  provided in Minnesota Statutes, section 473.315. 
  1.17     Sec. 2.  [BOND SALE.] 
  1.18     To provide the money appropriated in this act from the bond 
  1.19  proceeds fund, the commissioner of finance shall sell and issue 
  1.20  bonds of the state in an amount up to $10,466,000 in the manner, 
  1.21  upon the terms, and with the effect prescribed by Minnesota 
  1.22  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.23  Constitution, article XI, sections 4 to 7. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     Sections 1 and 2 are effective the day following final 
  2.1   enactment.