Merriam Junction Regional Trail segment bond issue and appropriation

A bill for an act

relating to capital investment; appropriating money for a segment of the Merriam

Junction Regional Trail; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.
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SCOTT COUNTY; MERRIAM JUNCTION REGIONAL TRAIL.
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Subdivision 1.

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Appropriation.

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$5,500,000 is appropriated from the bond proceeds fund

to the commissioner of natural resources for a grant to Scott County to acquire property or

interests in property and to predesign, design, and construct approximately 4.3 miles of the

Louisville Segment of the Merriam Junction Regional Trail from the Louisville Swamp

Trailhead located in Louisville Township to the Big Woods Trail located in the city of

Shakopee.

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Subd. 2.

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Bond sale.

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To provide the money appropriated in this section from the bond

proceeds fund, the commissioner of management and budget shall sell and issue bonds of

the state in an amount up to $5,500,000 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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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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