Bill Text: MN SF1785 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Red Wing Mississippi river trail and trailhead bond issue and appropriation
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-02-25 - Referred to Finance [SF1785 Detail]
Download: Minnesota-2013-SF1785-Introduced.html
1.2relating to capital investment; appropriating money for a Mississippi River trail
1.3and trailhead in Red Wing; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MISSISSIPPI RIVER TRAIL, RED WING.
1.6 Subdivision 1. Appropriation. $5,752,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Red Wing to design and construct a trail and trailhead along the Mississippi River
1.9extending from Levee Park to the Barn Bluff Trailhead to Colvill Park in Red Wing. This
1.10grant is not available until the commissioner of management and budget determines that at
1.11least an equal amount is committed to the project from nonstate sources.
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 $5,752,000 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.
1.3and trailhead in Red Wing; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MISSISSIPPI RIVER TRAIL, RED WING.
1.6 Subdivision 1. Appropriation. $5,752,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Red Wing to design and construct a trail and trailhead along the Mississippi River
1.9extending from Levee Park to the Barn Bluff Trailhead to Colvill Park in Red Wing. This
1.10grant is not available until the commissioner of management and budget determines that at
1.11least an equal amount is committed to the project from nonstate sources.
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 $5,752,000 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.
