HF 1336

as introduced - 91st Legislature (2019 - 2020) Posted on 02/18/2019 02:17pm

A bill for an act
relating to capital investment; appropriating money for either a new school or
renovation and expansion of the existing school in Lamberton; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin RED ROCK SCHOOLS; RENOVATION, EXPANSION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of education for a grant to Independent School District No. 2884,
Red Rock Central, to acquire real property, prepare the site, and predesign, design, construct,
furnish, and equip either the renovation and expansion of the Red Rock Central School in
the city of Lamberton or the construction of a new school in the city of Lamberton. This
appropriation is not available until the commissioner of management and budget determines
that at least $14,000,000 has been committed 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 $15,000,000 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