as introduced - 88th Legislature (2013 - 2014) Posted on 04/05/2013 08:21am
A bill for an act
relating to transportation; capital investment; appropriating money for transit
improvement areas; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$....... is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for grants or loans
to eligible organizations for transit area improvements that meet the requirements under
Minnesota Statutes, section 469.351.
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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 $....... 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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