as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to community development; providing funding 1.3 to acquire right-of-way in the Phalen corridor in St. 1.4 Paul; authorizing bonds; appropriating money. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [APPROPRIATION; PHALEN CORRIDOR RIGHT-OF-WAY.] 1.7 $10,000,000 is appropriated from the bond proceeds fund to 1.8 the commissioner of trade and economic development for the 1.9 purpose of making a grant to the city of St. Paul. The grant is 1.10 to acquire roadway right-of-way in the Phalen corridor. 1.11 Sec. 2. [BOND SALE.] 1.12 To provide the money appropriated in section 1 from the 1.13 bond proceeds fund, the commissioner of finance, on request of 1.14 the governor, shall sell and issue bonds of the state in an 1.15 amount up to $10,000,000 in the manner, on the terms, and with 1.16 the effect prescribed by Minnesota Statutes, sections 16A.631 to 1.17 16A.675, and by the Minnesota Constitution, article XI, sections 1.18 4 to 7.