as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money
for Lake Superior safe harbors; authorizing sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$2,000,000 is appropriated
from the bond proceeds fund to the commissioner of natural
resources for capital improvements to Lake Superior safe
harbors. $250,000 is for harbor improvements in Lake County.
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To provide the money appropriated in
this act from the bond proceeds fund, the commissioner of
finance shall sell and issue bonds of the state in an amount up
to $2,000,000 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.
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Section 1 is effective the day after final enactment.
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