HF 2702

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money for new roads in the 
  1.4             Maxson-Dale business center.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $2,371,000 is appropriated from the bond proceeds fund to 
  1.8   the city of St. Paul for a grant to the port authority of the 
  1.9   city of St. Paul to construct the new roads in the Maxson-Dale 
  1.10  Business Center forming the public rights-of-way linking the new 
  1.11  business center to existing roadway network.  
  1.12     Sec. 2.  [BOND SALE.] 
  1.13     To provide the money appropriated in this act from the bond 
  1.14  proceeds fund, the commissioner of finance, on request of the 
  1.15  governor, shall sell and issue bonds of the state in an amount 
  1.16  up to $2,371,000 in the manner, upon the terms, and with the 
  1.17  effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.18  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.19  4 to 7.  
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     Sections 1 and 2 are effective the day following final 
  1.22  enactment.