SF 818

as introduced - 91st Legislature (2019 - 2020) Posted on 02/04/2019 02:59pm

A bill for an act
relating to capital investment; appropriating money for multiuse trail segments
around White Bear Lake; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin WHITE BEAR LAKE MULTIUSE TRAILS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $3,580,000 is appropriated from the bond proceeds
fund to the commissioner of economic development for the following grants:
new text end

new text begin (1) $3,200,000 to the city of Dellwood for constructing, furnishing, and equipping
multiuse trails within, or generally parallel to and within 300 feet of, the right-of-way of
marked Trunk Highway 244 in the city of Dellwood, including separated trails, side trails,
elevated walkways, or paved pathways; and
new text end

new text begin (2) $380,000 to the town of White Bear for constructing, furnishing, and equipping
multiuse trails within, or generally parallel to and within 200 feet of, the right-of-way of
marked Trunk Highway 96 in the city of White Bear Lake, including separated trails, side
trails, elevated walkways, or paved pathways.
new text end

new text begin (b) 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.
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 $3,580,000 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