Bill Text: MN SF1595 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Gitchi Gami state trail acquisition and development bond issue and appropriation
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2012-01-30 - Referred to Capital Investment [SF1595 Detail]
Download: Minnesota-2011-SF1595-Introduced.html
1.2relating to capital investments; authorizing the sale and issuance of state bonds;
1.3appropriating money for acquisition and development of the Gitchi Gami State
1.4Trail.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. GITCHI GAMI STATE TRAIL.
1.7 Subdivision 1. Appropriation. $1,935,000 is appropriated from the bond proceeds
1.8fund to the commissioner of natural resources for acquisition and development of the
1.9Gitchi Gami State Trail, from Grand Marais to Cascade State Park, as provided for in
1.10Minnesota Statutes, section 85.015, subdivision 21. The trail shall be developed primarily
1.11for hiking and bicycling.
1.12 Subd. 2. Bond sale. To provide the money appropriated in this act from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $1,935,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.
1.3appropriating money for acquisition and development of the Gitchi Gami State
1.4Trail.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. GITCHI GAMI STATE TRAIL.
1.7 Subdivision 1. Appropriation. $1,935,000 is appropriated from the bond proceeds
1.8fund to the commissioner of natural resources for acquisition and development of the
1.9Gitchi Gami State Trail, from Grand Marais to Cascade State Park, as provided for in
1.10Minnesota Statutes, section 85.015, subdivision 21. The trail shall be developed primarily
1.11for hiking and bicycling.
1.12 Subd. 2. Bond sale. To provide the money appropriated in this act from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $1,935,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.
