SF 3456

as introduced - 89th Legislature (2015 - 2016) Posted on 04/07/2016 10:06am

A bill for an act
relating to capital investment; appropriating money for acquisition and
development of a segment of the Heartland State Trail; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin HEARTLAND STATE TRAIL ACQUISITION AND DEVELOPMENT;
APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation; reforestation. new text end

new text begin $1,000,000 is appropriated from
the bond proceeds fund to the commissioner of natural resources for acquisition and
development of the Tower Hill segment of the Heartland State Trail.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the 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 $1,000,000 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