HF 2773

as introduced - 89th Legislature (2015 - 2016) Posted on 03/31/2016 05:15pm

A bill for an act
relating to capital investment; appropriating money for the Minnesota River
Regional Trail; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin DAKOTA COUNTY; MINNESOTA RIVER REGIONAL TRAIL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,250,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to Dakota County under
Minnesota Statutes, section 85.019, subdivision 4b, to design and construct a 3.2-mile
multiuse segment, including upgrades to existing facilities and a new trailhead at Lone
Oak Road, of the Minnesota River Regional Trail between Cedar Avenue and Lone Oak
Road in the city of Eagan.
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 $2,250,000 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