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SF 1615

as introduced - 87th Legislature (2011 - 2012) Posted on 02/08/2012 09:31am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to capital improvements; appropriating money for development of Lake
Vermilion State Park and the Soudan Underground Mine State Park; authorizing
the sale and issuance of state bonds.

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

Section 1. LAKE VERMILION STATE PARK AND SOUDAN UNDERGROUND
MINE STATE PARK.

Subdivision 1.

Appropriation.

$13,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for development of the Lake Vermilion
State Park and the Soudan Underground Mine State Park, as provided for in Minnesota
Statutes, section 85.012.

Subd. 2.

Bond sale.

To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $13,000,000 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.