HF 2894

as introduced - 89th Legislature (2015 - 2016) Posted on 03/31/2016 04:29pm

A bill for an act
relating to capital investment; appropriating money for the Minnesota Valley
Trail and local trail connections; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA VALLEY TRAIL; BLOOMINGTON.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $2,000,000 is appropriated from the bond
proceeds fund to the commissioner of natural resources for a grant to the city of
Bloomington under Minnesota Statutes, section 85.019, subdivision 4c, to acquire land for
and to design and construct the connecting trail link from the Minnesota Valley Trail to the
National Wildlife Refuge in Bloomington. Notwithstanding Minnesota Statutes, section
85.019, subdivision 4c, this project does not require any nonstate contribution or match.
new text end

new text begin (b) $1,000,000 is appropriated from the bond proceeds fund to the commissioner of
natural resources for a grant to the city of Bloomington to acquire land for and to design,
construct, furnish, and equip a trail head and road access near the Old Cedar Avenue
Bridge. The project includes kiosks, signage, parking and road access, lighting, safety
improvements, and other trail and trail head amenities in or adjacent to the Minnesota
River Valley in Bloomington to connect to the state trail system. This appropriation does
not require a nonstate contribution.
new text end

new text begin (c) $2,000,000 is appropriated from the bond proceeds fund to the commissioner of
natural resources to extend the Minnesota Valley Trail from the end of the Bloomington
segment to Fort Snelling.
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 $5,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end