HF 2831

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing the sale and issuance of
state bonds; appropriating money for infrastructure improvements and
right-of-way acquisition within the Franklin LRT Station and 46th Street Station
redevelopment areas in the city of Minneapolis.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $6,500,000 is appropriated to the commissioner of employment and economic
development for a grant to the city of Minneapolis to design, acquire right-of-way, and
construct public infrastructure improvements within the Franklin LRT Station and 46th
Street Station redevelopment areas.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to
$6,500,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end