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Minnesota Legislature

Office of the Revisor of Statutes

SF 2927

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital improvements; authorizing the sale and issuance of state
bonds; appropriating money to design and construct the Cambridge-Isanti Trail
in Isanti County.

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

Section 1. new text beginCAMBRIDGE-ISANTI BIKE/WALK TRAIL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $156,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Cambridge for
design and construction of the Cambridge-Isanti Bike/Walk Trail connecting the city of
Cambridge, the city of Isanti, and Isanti Township in Isanti County. The trail will be
designed to provide safe biking and walking connections between the cities and township,
and is envisioned to become part of the state's larger trail systems. Along with health
and recreational benefits, the trail will help protect and provide an opportunity for
environmental education and enjoyment of the wetlands in the area.
new text end

new text begin It is anticipated that the total capital cost of the project is $1,080,000, with the
federal and local governments contributing $924,000. Through a joint powers agreement,
Cambridge, Isanti, and Isanti Township will share in the maintenance and upkeep of
the Cambridge-Isanti Bike/Walk Trail. This appropriation is not available until the
commissioner of finance has determined that at least an equal amount has been committed
from nonstate sources.
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 subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $156,000 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. 2. new text beginEFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end