Bill Text: MN SF2139 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Collegeville township Island Lake road improvement project grant bond issue and appropriation
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2014-03-03 - Referred to Finance [SF2139 Detail]
Download: Minnesota-2013-SF2139-Introduced.html
1.2relating to capital investment; appropriating money for the Collegeville Township
1.3road project; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. COLLEGEVILLE TOWNSHIP ROAD.
1.6 Subdivision 1. Appropriation. $250,000 is appropriated from the bond proceeds
1.7fund to the commissioner of transportation for a grant to Collegeville Township for the
1.8Island Lake Road Improvement project. This appropriation is not available until the
1.9commissioner of management and budget determines that at least $750,000 is committed
1.10to the project from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $250,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3road project; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. COLLEGEVILLE TOWNSHIP ROAD.
1.6 Subdivision 1. Appropriation. $250,000 is appropriated from the bond proceeds
1.7fund to the commissioner of transportation for a grant to Collegeville Township for the
1.8Island Lake Road Improvement project. This appropriation is not available until the
1.9commissioner of management and budget determines that at least $750,000 is committed
1.10to the project from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $250,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
