SF 531

as introduced - 88th Legislature (2013 - 2014) Posted on 02/19/2013 08:38am

A bill for an act
relating to capital investment; appropriating money for renovation of the Twin
Cities Public Television Building in St. Paul; 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. PAUL; TWIN CITIES PUBLIC TELEVISION BUILDING
RENOVATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $9,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of St. Paul to construct and renovate the Twin Cities Public Television Building in
downtown St. Paul. This appropriation is not available until at least an equal amount is
committed to the project from nonstate sources.
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 $9,000,000 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