SF 2518

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for repair, restoration,
and shoreline stabilization of the glen area of Minnehaha Creek in the city of
Minneapolis; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $5,300,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for a grant to the Minneapolis Park and Recreation Board to be used in conjunction
with the Minnehaha Creek Watershed District's plan to repair and renovate Works
Projects Administration projects in the glen area of Minnehaha Creek, to repair, restore,
and stabilize the shoreline and cavernous banks of Minnehaha Creek as it flows past
Minnehaha Falls, to restore fish and other natural habitat, and to provide storm water
retention and creek bank management at or below the Minnesota Veterans Home.
new text end

new text begin This appropriation is not available until the commissioner of finance determines that
$1,600,000 has been committed to the project from nonstate sources.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,300,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end