HF 3510

as introduced - 90th Legislature (2017 - 2018) Posted on 03/08/2018 02:32pm

A bill for an act
relating to capital investment; appropriating money and modifying a prior
appropriation for the Minnesota Museum of American Art; authorizing the sale
and issuance of state bonds; amending Laws 2017, First Special Session chapter
8, article 1, section 20, subdivision 21.

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

Section 1.

Laws 2017, First Special Session chapter 8, article 1, section 20, subdivision
21, is amended to read:

Subd. 21. St. Paul - Minnesota Museum of American Art

6,000,000

For a grant to the St. Paul Port Authority to
new text begin acquire, new text end design, construct, furnish, and equip
new museum galleries and an art study facility
for the Minnesota Museum of American Art.
This facility provides space to celebrate the
legacy of Minnesota art and artists and is part
of the restoration of the historic Pioneer
Endicott Building, and a part of a multiphase
project, of which only the museum galleries
and art study facility constructed with this
appropriation shall be state bond financed
property subject to Minnesota Statutes, section
16A.695. This appropriation is not available
until the commissioner of management and
budget has determined that:

(1) at least an amount equal to this
appropriation has been committed or
previously expended for design, construction,
and furnishing of the adjacent Minnesota
Museum of American Art Center for
Creativity facilities, which are not subject to
Minnesota Statutes, section 16A.695, with
funds from nonstate sources; and

(2) sufficient other state and nonstate funds
are available, if funds beyond this
appropriation are required, to complete the
museum galleries and art study facility.

Funds invested in the Minnesota Museum of
American Art Center for Creativity facilities
by an investor receiving an assignment of state
historic tax credits as provided in Minnesota
Statutes, section 290.0681, are nonstate funds
for purposes of this requirement. Only
expenditures made after January 1, 2012, shall
qualify for the required match. Due to the
integrated nature of the overall development,
public bidding shall not be required.

new text begin EFFECTIVE DATE. new text end

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

Sec. 2. new text begin ST. PAUL; MINNESOTA MUSEUM OF AMERICAN ART.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,500,000 is appropriated from the bond proceeds fund
to the St. Paul Port Authority to acquire, design, construct, furnish, and equip the Minnesota
Museum of American Art in the historic Pioneer Endicott Building. This appropriation is
in addition to the amount appropriated by Laws 2017, First Special Session chapter 8, article
1, section 20, subdivision 21, and is available in accordance with the requirements of that
subdivision. This appropriation may be used as needed for the costs of the project, including,
but not limited to, secure loading dock, art restoration, and exhibit preparation areas.
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 $2,500,000 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