HF 2920

as introduced - 89th Legislature (2015 - 2016) Posted on 03/31/2016 04:30pm

A bill for an act
relating to capital investment; appropriating money for the Blufflands Trail Next
system; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BLUFFLANDS Previous TRAIL Next SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for acquisition of land and construction of,
as well as other costs associated with, the extension of a segment of the Blufflands Previous Trail
system under Minnesota Statutes, section 85.015, subdivision 7, from Harmony to the
Iowa border, including a connection to Niagara Cave in Fillmore County.
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 $1,500,000 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

new text begin EFFECTIVE DATE. new text end

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