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A bill for an act
relating to capital investment; appropriating money for the Gitchi Gami State 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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GITCHI GAMI STATE TRAIL.
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Subdivision 1.
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Appropriation.
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$4,500,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for the development of three segments of the Gitchi
Gami State Trail. This appropriation is to construct a multiuse paved trail between Arrowhead
Electric and Steam Engine Road in the city of Lutsen; to construct a multiuse paved trail
between Superior Shores Road and Flood Bay State Wayside, including a bridge over coastal
wetland and improvements to the trailhead and wayside at Flood Bay State Wayside; and
to predesign and design a trail segment between Flood Bay State Wayside to Stewart River.
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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 $4,500,000 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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