Minnesota SF 1542: Rush Lake sewer system expansion bond issue and appropriation

Bill Text

1.1 A bill for an act​
1.2 relating to capital investment; appropriating money for improvements to the regional​
1.3 trail system in Hennepin County; authorizing the sale and issuance of state bonds.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. THREE RIVERS PARK DISTRICT; REGIONAL TRAIL NETWORK​
1.6 SAFETY, STEWARDSHIP, AND EXPANSION PROJECT.​
1.7 Subdivision 1.Appropriation.$25,000,000 is appropriated from the bond proceeds​
1.8 fund to the Metropolitan Council for a grant to Three Rivers Park District to design, construct,​
1.9 reconstruct, and extend the useful life of 52 miles of regional trails in Hennepin County.​
1.10 The project will result in construction of 10.7 miles of new regional trails, reconstruction​
1.11 of 11.4 miles of existing regional trails, and life-extension treatments of 30.2 miles of trails.​
1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.13 proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.14 the state in an amount up to $25,000,000 in the manner, upon the terms, and with the effect​
1.15 prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.16 Constitution, article XI, sections 4 to 7.​
1.17 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
25-03606 as introduced​02/10/25 REVISOR JSK/AC​
SENATE​
STATE OF MINNESOTA​
S.F. No. 1542​NINETY-FOURTH SESSION​
(SENATE AUTHORS: PHA, Johnson Stewart and Westlin)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​419​02/17/2025​
Referred to Capital Investment​