SF 3419

as introduced - 89th Legislature (2015 - 2016) Posted on 04/04/2016 08:57am

A bill for an act
relating to capital investment; appropriating money for the Blufflands Trail
System Recreational Trails system; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin BLUFFLANDS TRAIL SYSTEM RECREATIONAL TRAILS
SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $100,000 is appropriated from the bond proceeds
fund to the city of Rushford for the formation of the master plan for the Blufflands Trail
System Recreational Trails system under Minnesota Statutes, section 85.015, subdivision
7, lying within Fillmore, Houston, and Winona Counties in southeast Minnesota, and
centered near the collaborating cities of Rushford, Rushford Village, and Peterson in
northeast Fillmore County.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $100,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end