HF 684

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/04/2021 03:03pm

A bill for an act
relating to capital improvements; appropriating money to repair and restore the
Aerial Lift Bridge in Duluth; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin DULUTH AERIAL LIFT BRIDGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Duluth for capital repairs
and restoration of the Aerial Lift Bridge.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale authorization. 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 $12,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end