as introduced - 89th Legislature (2015 - 2016) Posted on 03/12/2015 02:10pm
A bill for an act
relating to capital investment; appropriating money for development of lakefront
property for public use in the city of Wayzata; authorizing the sale and issuance
of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
$5,225,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Wayzata to construct crossings, walkways, a pier, and other publicly owned
infrastructure along Lake Minnetonka in the city of Wayzata to improve safety and
accessibility to, and provide public space on, the city's lakefront.
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 $5,225,000 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.
This section is effective the day following final enactment.