HF 1825

as introduced - 87th Legislature (2011 - 2012) Posted on 01/24/2012 10:29am

A bill for an act
relating to capital investment; appropriating money for a grant to the city of
Bemidji for Lakeland public television facility; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin BEMIDJI; LAKELAND PUBLIC TELEVISION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Bemidji to construct, furnish, and equip a facility for operation of Lakeland public
television, subject to Minnesota Statutes, section 16A.695. This appropriation is not
available until the commissioner determines that at least $1,000,000 has been committed
to the project from nonstate sources.
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 $3,000,000 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