SF 926

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 11:10am

A bill for an act
relating to capital investment; appropriating money for asset preservation of the
Minnesota Humanities Center in St. Paul; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin ST. PAUL; MINNESOTA HUMANITIES CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $750,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
St. Paul for asset preservation of the Minnesota Humanities Center's main facility, including
capital improvements for building envelope, foundation, and structural integrity, and for
mechanical systems upgrades, including heating, ventilation, and cooling, subject to
Minnesota Statutes, section 16A.695. This appropriation is not available until the
commissioner of management and budget determines that at least an equal amount has been
committed to complete the project from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin 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 $750,000 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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end