HF 3187

as introduced - 90th Legislature (2017 - 2018) Posted on 04/23/2018 02:52pm

A bill for an act
relating to capital improvements; appropriating money to the Metropolitan Council
for regional park and open-space land acquisition and improvements; authorizing
the sale and 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 $15,000,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for the cost of improvements and betterments of a capital nature and acquisition by the
council and local government units of regional recreational open-space lands in accordance
with the council's policy plan as provided in Minnesota Statutes, section 473.147.
new text end

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

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an amount
up to $15,000,000, 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.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end