HF 1832

as introduced - 91st Legislature (2019 - 2020) Posted on 02/28/2019 02:32pm

A bill for an act
relating to capital investment; appropriating money for a new intermediate school
and community education facility in Worthington; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin WORTHINGTON SCHOOL DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of education for a grant to Independent School District No. 518,
Worthington, to predesign, design, construct, furnish, and equip a facility for educational
purposes. The appropriation may also be used to acquire land if needed for the project. This
appropriation is not available until the commissioner of management and budget determines
that at least an equal amount has been committed from nonstate sources to complete the
project.
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 $15,000,000 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.
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