Bill Text: MN SF1920 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Regional park and open-space land acquisition and improvements bond issue and appropriation
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2012-02-16 - Referred to Capital Investment [SF1920 Detail]
Download: Minnesota-2011-SF1920-Introduced.html
1.2relating to capital improvements; appropriating money to the Metropolitan
1.3Council for regional park and open-space land acquisition and improvements;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. APPROPRIATION.
1.7$10,500,000 is appropriated from the bond proceeds fund to the Metropolitan
1.8Council for the cost of improvements and betterments of a capital nature and acquisition
1.9by the council and local government units of regional recreational open-space lands in
1.10accordance with the council's policy plan as provided in Minnesota Statutes, section
1.11473.147.
1.12 Sec. 2. BOND SALE.
1.13To provide the money appropriated in section 1 from the bond proceeds fund, the
1.14commissioner of management and budget shall sell and issue bonds of the state in an
1.15amount up to $10,500,000, in the manner, upon the terms, and with the effect prescribed
1.16by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
1.17article XI, sections 4 to 7.
1.18 Sec. 3. EFFECTIVE DATE.
1.19Sections 1 and 2 are effective the day following final enactment.
1.3Council for regional park and open-space land acquisition and improvements;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. APPROPRIATION.
1.7$10,500,000 is appropriated from the bond proceeds fund to the Metropolitan
1.8Council for the cost of improvements and betterments of a capital nature and acquisition
1.9by the council and local government units of regional recreational open-space lands in
1.10accordance with the council's policy plan as provided in Minnesota Statutes, section
1.11473.147.
1.12 Sec. 2. BOND SALE.
1.13To provide the money appropriated in section 1 from the bond proceeds fund, the
1.14commissioner of management and budget shall sell and issue bonds of the state in an
1.15amount up to $10,500,000, in the manner, upon the terms, and with the effect prescribed
1.16by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
1.17article XI, sections 4 to 7.
1.18 Sec. 3. EFFECTIVE DATE.
1.19Sections 1 and 2 are effective the day following final enactment.
