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HF 978

1st Committee Engrossment - 85th Legislature (2007 - 2008) Posted on 12/22/2009 12:38pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 1st Committee Engrossment

1.1A bill for an act
1.2relating to capital improvements; appropriating money for a grant to Independent
1.3School District No. 11, Anoka-Hennepin, to purchase and restore native prairie
1.4and wetland adjacent to Riverview Elementary School; authorizing the sale
1.5and issuance of state bonds.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7    Section 1. APPROPRIATION.
1.8$240,000 is appropriated from the bond proceeds fund to the commissioner of
1.9education for a grant to Independent School District No. 11, Anoka-Hennepin, to acquire
1.10land adjacent to Riverview Elementary School and for improvements of a capital nature to
1.11develop and restore wetland and native prairie habitat on the land.

1.12    Sec. 2. BOND SALE.
1.13To provide the money appropriated in section 1 from the bond proceeds fund,
1.14the commissioner of finance shall sell and issue bonds of the state in an amount up to
1.15$240,000 in the manner, upon the terms, and with the effect prescribed by Minnesota
1.16Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI,
1.17sections 4 to 7. The proceeds of the bonds, except accrued interest and any premium
1.18received on the sale of the bonds, must be credited to a bond proceeds account in the
1.19maximum effort school loan fund.

1.20    Sec. 3. EFFECTIVE DATE.
1.21Sections 1 and 2 are effective the day following final enactment.