HF 941

as introduced - 87th Legislature (2011 - 2012) Posted on 03/07/2011 10:07am

A bill for an act
relating to capital investment; appropriating money for the Headwaters Regional
Center for Science, History, Culture, and 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 HEADWATERS REGIONAL CENTER FOR SCIENCE, HISTORY,
CULTURE, AND THE ARTS
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $475,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Bemidji to predesign and design the Headwaters Regional Center for Science,
History, Culture, and the Arts, subject to Minnesota Statutes, section 16A.695. This
appropriation is not available until the commissioner has determined that at least an equal
amount has been 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 $475,000 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