SF 2825

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for a connecting road and
recreational trail project in the town of White; authorizing sale of state bonds.

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

Section 1. new text begin APPROPRIATION; TOWN OF WHITE.
new text end

new text begin $400,000 is appropriated for the fiscal biennium ending June 30, 2007, and $100,000
is appropriated for the fiscal year ending June 30, 2008, from the bond proceeds fund to
the commissioner of transportation for a grant to the town of White for (1) the design and
construction of a new paved road, which would provide access between the city of Aurora
and the Giants Ridge recreational facilities and developments on Wynne and Sabin Lakes
in the city of Biwabik and improve public safety and emergency response, and (2) the
connection of two existing paved recreational trails and a designated snowmobile route
between County Highway 138 and marked Trunk Highway 135.
new text end

new text begin The appropriations are not available until the commissioner determines that
$288,000 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, as needed, in an amount up
to $500,000 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