SF 2866

as introduced - 89th Legislature (2015 - 2016) Posted on 03/18/2016 10:41am

A bill for an act
relating to capital improvements; appropriating money to the Metropolitan
Council for regional park and open-space land acquisition and improvements;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $11,000,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for the cost of improvements and betterments of a capital nature and acquisition by the
council and local government units of regional recreational open-space lands in accordance
with the council's policy plan as provided in Minnesota Statutes, section 473.147.
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 management and budget shall sell and issue bonds of the state in an
amount up to $11,000,000, 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