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SF 3001

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2020 04:06pm

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 investment; appropriating money for trail segments of the Perham
to Pelican Rapids Regional Trail; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginOTTER TAIL COUNTY; PERHAM TO PELICAN RAPIDS REGIONAL
TRAIL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,978,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to Otter Tail County to construct the
McDonald Lake segment of the Perham to Pelican Rapids Regional Trail, which goes from
the intersection of County State-Aid Highway 41 and 440th Street to the intersection of
County State-Aid Highway 34 and County State-Aid Highway 35 and for the predesign,
design, and planning of the Maplewood State Park segment within the interior of Maplewood
State Park. This appropriation is available when the commissioner of management and
budget determines that sufficient resources have been committed to complete the project,
as required by Minnesota Statutes, section 16A.502.
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 $1,978,000 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