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MN HF2465
Bill
Status
2/22/2012
Primary Sponsor
Kurt Daudt
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AI Summary
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Appropriates $1,000,000 from bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Cambridge for Alabama Street reconstruction project, including land acquisition, engineering, and construction
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Grant funds are not available until at least $2,300,000 is committed to the project from nonstate sources
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Authorizes the commissioner of management and budget to sell and issue state bonds up to $1,000,000 to fund this appropriation
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Bond issuance and sale shall follow Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI, sections 4 to 7
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Effective the day following final enactment
Legislative Description
Cambridge; street reconstruction project grant funding provided, bonds issued, and money appropriated.
Last Action
Introduction and first reading, referred to Jobs and Economic Development Finance
2/22/2012