SF 2478

as introduced - 89th Legislature (2015 - 2016) Posted on 03/11/2016 08:58am

A bill for an act
relating to capital investment; appropriating money for a pedestrian and bike trail
around Lake Snoopy in Chippewa County; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin LAKE SNOOPY TRAIL; CHIPPEWA COUNTY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $990,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
Chippewa County to design, construct, furnish, and equip a pedestrian and bike trail
around the slough known as Lake Snoopy bounded by County Road 41, Ashmore Avenue,
24th Street Northwest, and Highway 7, in Montevideo, and for related capital recreation
improvements, including a boardwalk, two picnic gazebos, park benches, parking, and
plantings. No nonstate match is required.
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 $990,000 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