HF 1589

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital investment; appropriating money 
  1.3             for the Bloomington arts center; authorizing the 
  1.4             issuance of general obligation bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION; BLOOMINGTON ARTS CENTER.] 
  1.7      $200,000 is appropriated from the bond proceeds fund to the 
  1.8   city of Bloomington to furnish and equip a new multipurpose 
  1.9   public arts facility to serve the southern and southwest metro 
  1.10  areas. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated by section 1, from the 
  1.13  bond proceeds fund, the commissioner of finance shall sell and 
  1.14  issue bonds of the state in an amount up to $200,000 in the 
  1.15  manner, on the terms, and with the effect prescribed by 
  1.16  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.17  Minnesota Constitution, article XI, sections 4 to 7. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     Sections 1 and 2 are effective the day following final 
  1.20  enactment.