Bill Text: MN SF798 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Glacial Lakes state trail bond issue and appropriation
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-02-28 - Referred to Finance [SF798 Detail]
Download: Minnesota-2013-SF798-Introduced.html
1.2relating to capital investment; appropriating money for the Glacial Lakes State
1.3Trail; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. GLACIAL LAKES STATE TRAIL.
1.6 Subdivision 1. Appropriation. $1,500,000 is appropriated from the bond proceeds
1.7fund to the commissioner of natural resources to acquire land or interests in land for,
1.8and to construct an approximately five-mile extension of the Glacial Lakes State Trail
1.9between Sibley State Park and the city of New London including a bridge over marked
1.10Trunk Highway 71.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $1,500,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Trail; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. GLACIAL LAKES STATE TRAIL.
1.6 Subdivision 1. Appropriation. $1,500,000 is appropriated from the bond proceeds
1.7fund to the commissioner of natural resources to acquire land or interests in land for,
1.8and to construct an approximately five-mile extension of the Glacial Lakes State Trail
1.9between Sibley State Park and the city of New London including a bridge over marked
1.10Trunk Highway 71.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $1,500,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
