HF 2420

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:04am

A bill for an act
relating to capital investment; appropriating money for Target Center capital
improvements; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin TARGET CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,500,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Minneapolis to construct, furnish, and equip capital improvements to address
safety and security at the Target Center, including installing surveillance cameras and
access-control card readers; linking security and fire alarms into a new centrally monitored
life safety system; upgrading the public address system; and upgrading or replacing
lighting, fixtures, public restrooms, and other amenities to meet code compliance, health
and safety standards, and Americans with Disabilities Act requirements.
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 $6,500,000 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.
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