SF 2306

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to appropriations; authorizing state bonds; 
  1.3             appropriating money for the state's share of the cost 
  1.4             of the new Poe Lock at Sault Ste. Marie Narrows. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [POE LOCK.] 
  1.7      Subdivision 1.  [APPROPRIATION.] The amount needed, up to a 
  1.8   maximum of $......., is appropriated from the bond proceeds fund 
  1.9   to the Great Lakes commission for the state's pro rata share of 
  1.10  the cost of the new Poe Lock at Sault Ste. Marie Narrows in the 
  1.11  Great Lakes-St. Lawrence Seaway System. 
  1.12     Subd. 2.  [BOND SALE.] To provide the money appropriated by 
  1.13  this section from the bond proceeds fund, the commissioner of 
  1.14  finance, on request of the governor, shall sell and issue bonds 
  1.15  of the state in an amount up to $...... in the manner, on the 
  1.16  terms, and with the effect prescribed by Minnesota Statutes, 
  1.17  sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
  1.18  article XI, sections 4 to 7. 
  1.19     Sec. 2.  [EFFECTIVE DATE.] 
  1.20     Section 1 is effective the day after its final enactment.