HF 3421

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to natural resources; appropriating money for 
  1.3             a harbor of refuge at Grand Portage; authorizing the 
  1.4             sale of state bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $500,000 is appropriated from the bond proceeds fund to the 
  1.8   commissioner of natural resources for planning a harbor of 
  1.9   refuge at Grand Portage. 
  1.10     Sec. 2.  [BOND SALE.] 
  1.11     To provide the money appropriated in this act from the bond 
  1.12  proceeds fund, the commissioner of finance shall sell and issue 
  1.13  bonds of the state in an amount up to $500,000 in the manner, 
  1.14  upon the terms, and with the effect prescribed by Minnesota 
  1.15  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.16  Constitution, article XI, sections 4 to 7. 
  1.17     Sec. 3.  [EFFECTIVE DATE.] 
  1.18     This act is effective the day following final enactment.