HF 3019

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

A bill for an act
relating to capital improvements; authorizing spending to acquire and better
public land and buildings and other public improvements of a capital nature;
authorizing the issuance of general obligation bonds; appropriating money for a
grant to Albert Lea for a new bridge to Katherine Island.

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

Section 1. new text begin APPROPRIATION; ALBERT LEA, BRIDGE TO KATHERINE
ISLAND.
new text end

new text begin $142,500 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of Albert Lea to replace the
bridge to Katherine Island and reconstruct the retaining wall. This appropriation is not
available until the commissioner of finance has determined that at least an equal amount is
committed to the project from nonstate sources.
new text end

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

new text begin To provide the money appropriated by section 1 from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to $142,500
in the manner, on 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