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.