HF 607

as introduced - 91st Legislature (2019 - 2020) Posted on 01/31/2019 02:24pm

A bill for an act
relating to capital investment; appropriating money for asset preservation of the
St. Louis County Heritage and Arts Center in Duluth; 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. LOUIS COUNTY HERITAGE AND ARTS CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to St. Louis
County for asset preservation of the St. Louis County Heritage and Arts Center, also known
as the Depot, in Duluth. The asset preservation work includes predesign, design, construction,
and renovation work for replacement of or improvements to mechanical, electrical, heating,
ventilating, and air conditioning systems; life-safety elements of the building; and exterior
building envelope integrity. This appropriation is available when the commissioner of
management and budget determines that sufficient resources have been committed to
complete the project, as required by Minnesota Statutes, section 16A.502.
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 $4,000,000 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