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SF 3098

as introduced - 91st Legislature (2019 - 2020) Posted on 02/13/2020 03:41pm

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 river and stream bank
stabilization and restoration and expansion of riverfront recreational amenities in
Mankato; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginMANKATO; VALLEY OPPORTUNITIES AND RIVERBANK
RESTORATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,385,600 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Mankato to:
new text end

new text begin (1) stabilize the Minnesota River riverbank in the Land of Memories Park to reduce
erosion and protect well 15;
new text end

new text begin (2) stabilize the Minnesota River riverbank to protect Mankato's riverfront, including
the Minnesota River Trail trailhead, and regional Water Resource Recovery Facility;
new text end

new text begin (3) install in-channel stream stabilization infrastructure in Indian Creek to reduce erosion
and improve water quality in the Minnesota River-Mankato watershed;
new text end

new text begin (4) predesign, design, and construct a new permanent canopy for the Riverfront Park
Vetter Stone Amphitheater, including structural support; and
new text end

new text begin (5) predesign and design improvements to the Minnesota River Trail to meet state trail
standards, including a bridge between the Land of Memories Park and Sibley Park,
connections to the Minneopa Trail, and extension of the trail and connections to the Germania
Park neighborhood.
new text end

new text begin This appropriation is not available until the commissioner of management and budget
determines that at least $3,771,400 has been committed from nonstate sources to complete
the project. Amounts spent on the projects from nonstate sources since December 1, 2019,
count toward the nonstate contribution to the projects.
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 $12,385,600 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