HF 2730

as introduced - 90th Legislature (2017 - 2018) Posted on 03/01/2018 05:07pm

A bill for an act
relating to capital investment; appropriating money for the Heartland Trail extension
from Itasca State Park to Park Rapids; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin HEARTLAND TRAIL; EXTENSION TO PARK RAPIDS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources to acquire land for and to develop and renovate
state trails under Minnesota Statutes, section 85.015. The amount in this subdivision is to
predesign, design, and construct an extension of the Heartland Trail from Itasca State Park
to Park Rapids.
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 $500,000 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