SF 2373

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for 
  1.4             extension of the Paul Bunyan Trail. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $1,211,400 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of natural resources for extension of the Paul 
  1.9   Bunyan Trail south across Excelsior Road to connect to the 
  1.10  Oberstar Tunnel. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in this act from the bond 
  1.13  proceeds fund, the commissioner of finance shall sell and issue 
  1.14  bonds of the state in an amount up to $1,211,400 in the manner, 
  1.15  upon the terms, and with the effect prescribed by Minnesota 
  1.16  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.17  Constitution, article XI, sections 4 to 7. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     Sections 1 and 2 are effective the day following final 
  1.20  enactment.