as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:53am
A bill for an act
relating to capital improvements; appropriating money for renovation of the
Miners Memorial in Virginia; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$2,000,000 is appropriated from the bond proceeds fund to the city of Virginia for
renovation of the Miners Memorial Building. This appropriation is not available until the
commissioner of finance has determined that at least an equal amount has been committed
to the project from nonstate sources.
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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
$2,000,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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