SF 2201

as introduced - 89th Legislature (2015 - 2016) Posted on 05/17/2015 02:38pm

A bill for an act
relating to capital investment; appropriating money for improvements to the
Inver Wood Golf Course in Inver Grove Heights; authorizing the sale and
issuance of state bonds.

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

Section 1. INVER GROVE HEIGHTS; INVER WOOD GOLF COURSE.

Subdivision 1.

Appropriation.

$3,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the city of Inver Grove Heights for capital
improvements at the Inver Wood Golf Course.

Subd. 2.

Bond sale.

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 $3,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.