HF 2625

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money for a community center in 
  1.4             Buffalo.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $4,000,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of trade and economic development for a grant 
  1.9   for a community center to the city of Buffalo as fiscal agent 
  1.10  for a joint powers entity including independent school district 
  1.11  No. 877, Buffalo.  The appropriation is available when the 
  1.12  commissioner of finance is assured that an equal amount has been 
  1.13  committed from nonstate sources.  
  1.14     Sec. 2.  [BOND SALE.] 
  1.15     To provide the money appropriated in section 1 from the 
  1.16  bond proceeds fund, the commissioner of finance, on request of 
  1.17  the governor, shall sell and issue bonds of the state in an 
  1.18  amount up to $4,000,000 in the manner, on the terms, and with 
  1.19  the effect prescribed by Minnesota Statutes, section 16A.631 to 
  1.20  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.21  4 to 7.  
  1.22     Sec. 3.  [EFFECTIVE DATE.] 
  1.23     Sections 1 and 2 are effective the day following final 
  1.24  enactment.