HF 942

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2019 02:16pm

A bill for an act
relating to capital investment; appropriating money for the Martin County veterans
memorial; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MARTIN COUNTY VETERANS MEMORIAL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $400,000 is appropriated from the bond proceeds fund
to the commissioner of administration for a grant to Martin County to design and construct
a memorial to those who have served in the military of the United States of America and
those who have died in the line of duty. This appropriation is not available until the
commissioner of management and budget has determined that at least an equal amount has
been committed to the project 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 $400,000 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