HF 1621

as introduced - 91st Legislature (2019 - 2020) Posted on 02/25/2019 02:53pm

A bill for an act
relating to capital investment; appropriating money for the IRA Civic Center in
Grand Rapids; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin GRAND RAPIDS; IRA CIVIC CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,488,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Grand Rapids for the design, construction, and equipping of capital improvements to the
IRA Civic Center. This appropriation includes money for replacement of the truss/roof
structure, replacement of the facility's existing ice-making system, and other improvements
and betterments of a capital nature for health, safety, and Americans with Disabilities Act
(ADA) compliance. This appropriation is not available until the commissioner of management
and budget determines that an equal amount 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 $5,488,000 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