as introduced - 91st Legislature (2019 - 2020) Posted on 03/07/2019 02:47pm
Engrossments | ||
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Introduction | Posted on 03/07/2019 |
A bill for an act
relating to capital investment; appropriating money for the Northern Links Trail;
authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$750,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant under Minnesota Statutes, section
85.019, subdivision 4c, to the city of Faribault for development of the Northern Links Trail,
a connection to the Sakatah Singing Hills State Trail. This appropriation is not available
until the commissioner of management and budget determines that sufficient resources have
been committed to complete the project from nonstate sources.
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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 $750,000 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.
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This section is effective the day following final enactment.
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