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; for a grant to the 1.3 city of St. Paul to acquire land for and remediate 1.4 contamination in the Phalen corridor; authorizing 1.5 issuance of bonds; appropriating money. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [APPROPRIATION.] 1.8 $8,000,000 is appropriated from the bond proceeds fund to 1.9 the commissioner of trade and economic development for a grant 1.10 to the city of St. Paul to acquire land for right-of-way and to 1.11 complete contamination remediation on Phalen Boulevard between 1.12 Interstate Highway I-35E and Johnson Parkway. This 1.13 appropriation is not available until at least an equal amount of 1.14 nonstate money has been committed to the project. 1.15 Sec. 2. [BOND SALE.] 1.16 To provide the money appropriated in section 1 from the 1.17 bond proceeds fund, the commissioner of finance shall sell and 1.18 issue bonds of the state in an amount up to $8,000,000 in the 1.19 manner, on the terms, and with the effect prescribed by 1.20 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.21 Minnesota Constitution, article XI, sections 4 to 7. 1.22 Sec. 3. [EFFECTIVE DATE.] 1.23 Sections 1 and 2 are effective the day following final 1.24 enactment.