as introduced - 90th Legislature (2017 - 2018) Posted on 03/15/2018 02:31pm
A bill for an act
relating to capital investment; appropriating money for a segment of the Perham
to Pelican Rapids Recreational Trail; authorizing the sale and issuance of state
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,977,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to Otter Tail County to acquire
right-of-way, predesign, design, engineer, and construct the west segment of the Perham to
Pelican Rapids Recreational Trail, which goes from the city of Pelican Rapids south and
east for approximately 6.83 miles to the west boundary of Maplewood State Park. This
appropriation is available when the commissioner of management and budget determines
that sufficient resources have been committed to complete the project, as required by
Minnesota Statutes, section 16A.502.
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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 $1,977,000 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.
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This section is effective the day following final enactment.
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