HF 2880

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for state park needs;
authorizing issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $7,000,000 is appropriated from the bond proceeds fund to the commissioner
of natural resources as follows:
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new text begin (1) $6,000,000 is to acquire land and inholdings within existing state parks; and
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new text begin (2) $1,000,000 is to acquire land within the statutory boundaries of Greenleaf Lake
State Park.
new text end

Sec. 2. new text begin BOND SALE.
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new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of finance, on request of the governor, shall sell and issue bonds of the
state in an amount up to $7,000,000 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.
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new text begin Sections 1 and 2 are effective the day following final enactment.
new text end