HF 2692

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:32pm

A bill for an act
relating to capital investment; appropriating money for the Midtown Farmers
Market in the city of Minneapolis; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin MIDTOWN FARMERS MARKET; LAKE STREET HIAWATHA
LRT STATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to Hennepin County to acquire approximately
six acres of land located at 2225 East Lake Street in the city of Minneapolis and to make
capital improvements to public infrastructure for a public square and plaza to provide a
permanent location for the Midtown Farmers Market with shared civic space and access to
the Lake Street Hiawatha light rail transit station.
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 $1,000,000 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