HF 5431

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/29/2024 11:10am

A bill for an act
relating to capital investment; appropriating money for a new bike trail from the
city of Harmony to the city of Caledonia; authorizing the sale and issuance of state
bonds.

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

Section 1. HARMONY-CALEDONIA BIKE TRAIL.

Subdivision 1.

Appropriation.

(a) $14,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for acquisition of property and easements,
predesign, and design of a bike trail from the city of Harmony to the city of Caledonia
following marked Trunk Highway 44 and marked U.S. Highway 52 and routed through the
cities of Canton, Mabel, and Spring Grove. This appropriation is for Phase 1 of the project.

(b) Any unspent portion of this appropriation remaining after completion of the project
in paragraph (a), after written notice to the commissioner of management and budget, is
available for engineering and construction of the bike trail.

Subd. 2.

Bond sale.

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 $14,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.