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 neighborhood land
trusts; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$....... is appropriated
from the bond proceeds fund to the Minnesota Housing Finance Agency for capital costs
associated with publicly owned neighborhood land trusts under Minnesota Statutes,
sections 462A.30 and 462A.31.
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To provide the money appropriated in subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $....... 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.
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This section is effective the day following final enactment.
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