HF 2784

as introduced - 90th Legislature (2017 - 2018) Posted on 02/20/2018 10:14am

A bill for an act
relating to capital investment; appropriating money for the Voyageur Country
ATV 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 VOYAGEUR COUNTRY ATV TRAIL; ST. LOUIS COUNTY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $853,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to St. Louis County for trail and bridge
construction for a five-mile segment of the Voyageur Country ATV trail system, including
a multiuse bridge over the Vermilion River that would serve ATVs, snowmobiles, off-road
vehicles, and emergency vehicles in St. Louis County. This appropriation is not available
until the commissioner of management and budget determines that a 25 percent match has
been committed from other sources.
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 $853,000 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