SF 1242

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital improvements; authorizing bonds 
  1.3             and appropriating money to complete a recreational 
  1.4             trail in the city of Montevideo. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION FOR TRAIL.] 
  1.7      $250,000 is appropriated from the bond proceeds fund to the 
  1.8   commissioner of natural resources for a grant to the city of 
  1.9   Montevideo to complete the recreational trail within the city.  
  1.10  The appropriation must be used for construction expenses only. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated by section 1 from the 
  1.13  bond proceeds fund, the commissioner of finance, on request of 
  1.14  the governor, shall sell and issue bonds of the state in an 
  1.15  amount up to $250,000 in the manner, upon the terms, and with 
  1.16  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.17  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.18  4 to 7. 
  1.19     Sec. 3.  [EFFECTIVE DATE.] 
  1.20     This act is effective the day following final enactment.