HF 188

as introduced - 88th Legislature (2013 - 2014) Posted on 01/28/2013 01:41pm

A bill for an act
relating to capital investment; appropriating money for the Upper Mississippi
Center for the Arts; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin UPPER MISSISSIPPI CENTER FOR THE ARTS.
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 the
Park Rapids Economic Development Authority for acquisition, and to predesign, design,
construct, furnish, and equip the renovation, including hazardous materials abatement,
demolition, health, safety and building code compliance, mechanical systems, and space
restoration, of the historic National Guard Armory Building in downtown Park Rapids, for
use as a regional arts and event center, subject to Minnesota Statutes, section 16A.695.
This appropriation is not available until the commissioner has determined matching funds,
sufficient to complete the project, have been committed 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 $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