SF 2777

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the sale 
  1.3             of state bonds; appropriating money for the Lake 
  1.4             Koronis recreational trail. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $365,000 is appropriated from the bond proceeds fund to the 
  1.8   commissioner of natural resources for land acquisition, 
  1.9   engineering, and construction of the Lake Koronis recreational 
  1.10  trail. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide 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 $365,000 in the manner, 
  1.15  upon the terms, and with the effect prescribed in 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     This act is effective the day following enactment.