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 investment; appropriating money 1.3 for the Cedar Lake Trail extension; authorizing the 1.4 issuance of state general obligation bonds. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [APPROPRIATION; CEDAR LAKE TRAIL.] 1.7 $1,200,000 is appropriated from the bond proceeds fund to 1.8 the commissioner of natural resources for a grant to Hennepin 1.9 County for the Cedar Lake Trail extension. 1.10 Sec. 2. [BOND SALE.] 1.11 To provide the money appropriated in section 1 from the 1.12 bond proceeds fund, the commissioner of finance shall sell and 1.13 issue bonds of the state in an amount up to $1,200,000 in the 1.14 manner, on the terms, and with the effect prescribed by 1.15 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.16 Minnesota Constitution, article XI, sections 4 to 7. 1.17 Sec. 3. [EFFECTIVE DATE.] 1.18 Sections 1 and 2 are effective the day following final 1.19 enactment.