HF 1909

as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2017 12:51pm

A bill for an act
relating to capital investment; appropriating money for Red Lake School District;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin INDEPENDENT SCHOOL DISTRICT NO. 38, RED LAKE, FACILITIES
PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $14,070,000 is appropriated from the maximum
effort school loan fund for a capital loan to Independent School District No. 38, Red Lake,
as provided in Minnesota Statutes, sections 126C.60 to 126C.72. This appropriation is to
complete design and construction of a connection structure between the Red Lake Early
Learning Childhood Center and Red Lake Elementary School; renovations to various
classrooms, labs, and support rooms; updating of mechanical systems; and expansion of
the cafeteria. Before any capital loan contract is approved under this subdivision, the district
must provide documentation acceptable to the commissioner of education on how the capital
loan will be used.
new text end

new text begin (b) The commissioner of administration may provide project management services to
assist the Department of Education with oversight of the project. No money for construction
may be distributed by the commissioner of education to the recipient school district until
bids have been received on 100 percent of the construction documents and satisfactory
documentation has been submitted to the commissioner of education indicating the project
can be fully completed with money available for the project.
new text end

new text begin (c) Notwithstanding the timelines in Minnesota Statutes, section 126C.69, subdivision
11, Independent School District No. 38, Red Lake, must submit the question authorizing
the borrowing of money for the facilities to voters of the district after the first general election
after the effective date of this section.
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 maximum
effort school loan fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $14,070,000 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