HF 2991

as introduced - 90th Legislature (2017 - 2018) Posted on 02/22/2018 01:20pm

A bill for an act
relating to capital investment; appropriating money for a segment of the Heartland
State Trail; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HEARTLAND STATE TRAIL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources to establish, develop, and maintain state trails
under Minnesota Statutes, section 85.015. This appropriation is for predesign and design
of the Heartland State Trail between Moorhead and the boundary between Clay and Becker
Counties. Any remaining money from this appropriation may be used for predesign and
design of the Heartland State Trail in Becker 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 $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