as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to capital improvements; authorizing spending 1.3 to acquire and to better public land and other public 1.4 improvements of a capital nature; authorizing issuance 1.5 of state bonds; appropriating money for gap financing 1.6 to construct the west segment of Phalen Boulevard from 1.7 I-35E to Payne Avenue of the Phalen corridor 1.8 initiative in the city of St. Paul. 1.9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.10 Section 1. [APPROPRIATION.] 1.11 $10,000,000 is appropriated from the bond proceeds fund to 1.12 the commissioner of trade and economic development for a grant 1.13 to the city of St. Paul for gap financing to construct the west 1.14 segment of Phalen Boulevard from I-35E to Payne Avenue of the 1.15 Phalen corridor initiative. 1.16 Sec. 2. [BOND SALE.] 1.17 To provide the money appropriated in section 1 from the 1.18 bond proceeds fund, the commissioner of finance shall sell and 1.19 issue bonds of the state in an amount up to $10,000,000, in the 1.20 manner, on the terms, and with the effect prescribed by 1.21 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.22 Minnesota Constitution, article XI, sections 4 to 7. 1.23 Sec. 3. [EFFECTIVE DATE.] 1.24 Sections 1 and 2 are effective the day following final 1.25 enactment.