as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money for Washburne Avenue
improvements in the city of Paynesville; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$925,000 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of Paynesville to acquire
land for, and to design and construct infrastructure improvements to, Washburne Avenue
in the city of Paynesville connecting the downtown and industrial park areas to the new
Trunk Highway 23 route.
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To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$925,000 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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Sections 1 and 2 are effective the day following final enactment.
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