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HF 2823

as introduced - 90th Legislature (2017 - 2018) Posted on 03/01/2018 05:09pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for the Mississippi Blufflands
State Trail and Red Wing Riverfront Trail project; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin MISSISSIPPI BLUFFLANDS STATE TRAIL - RED WING
RIVERFRONT; RED WING.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $9,490,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Red Wing to design and
construct segments 2 and 3 of the Mississippi Blufflands State Trail/Red Wing Riverfront
Trail project, along the western bank of the Mississippi River. This grant is not available
until the commissioner of management and budget determines that an amount sufficient to
complete the project is committed to the project 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 $9,490,000 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