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SF 1471

as introduced - 88th Legislature (2013 - 2014) Posted on 03/21/2013 09:29am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for improvement and
rehabilitation of dredge disposal sites related to commercial, industrial, and
public navigation on the Lower Minnesota River; authorizing the sale and
issuance of state bonds.

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

Section 1. new text beginMINNESOTA RIVER NAVIGATIONAL CHANNEL DREDGE
DISPOSAL SITE REHABILITATION AND ACQUISITION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant pursuant to Minnesota Statutes,
chapter 457A, to the Lower Minnesota River Watershed District for the rehabilitation of
existing dredge spoil sites and the acquisition of an additional dredge spoil site related to
maintenance of the navigational channel on the Minnesota River.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin 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 $4,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end