as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money for a
recreational center in Bowles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$175,000 is appropriated from the bond proceeds fund to the
commissioner of natural resources for a grant to the city of
Bowles for a recreational center along the Soo Line Trail.
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The appropriation is not available until the commissioner
determines that $175,000 has been committed to the project from
nonstate sources.
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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 $175,000 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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