HF 1319

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:48am

A bill for an act
relating to capital improvements; authorizing the sale and issuance of state
bonds; appropriating money for the Big Lake Regional Ice Center.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $500,000 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of Big Lake to design,
construct, furnish, and equip an ice arena complex to support the Big Lake regional area.
new text end

new text begin The location of the ice arena complex must take into consideration community
and business development, community traffic routes, and transportation needs of the
Northstar commuter rail line serving Big Lake to Minneapolis, and the possible extension
of the line to St. Cloud.
new text end

new text begin This appropriation is not available until the commissioner has determined that at
least an equal amount has been committed from nonstate sources.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$500,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end