SF 272

as introduced - 90th Legislature (2017 - 2018) Posted on 05/14/2018 02:39pm

A bill for an act
relating to capital investment; appropriating money for waterways restoration in
the city of Austin; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin AUSTIN; WATERWAYS RESTORATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $600,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Austin to design, construct,
and equip improvements at the site of the old 4th Avenue Mill and Dam, including the
construction of bituminous trails, completion of landscaping work, and renovation of the
existing mill; for stream bank stabilization throughout the city, including the removal of
downed trees and debris, replacement of riprap, and establishment of native vegetation; and
for a study to assess the condition, safety, and viability of existing dams within the city.
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 $600,000 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