HF 2759

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:32pm

A bill for an act
relating to capital investment; appropriating money for preservation and
improvements of historic sites and local historic structures, and the revitalization
of the Oliver H. Kelley Farm Historic Site; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Asset preservation. new text end

new text begin $6,713,000 is appropriated from the bond
proceeds fund to the Minnesota Historical Society for capital improvements and
betterments at state historic sites, buildings, exhibits, landscaping at historic buildings,
and markers and monuments, to be spent in accordance with Minnesota Statutes, section
16B.307. The society shall determine project priorities as appropriate based on need.
new text end

new text begin Subd. 2. new text end

new text begin Oliver H. Kelley Farm. new text end

new text begin $9,857,000 is appropriated from the bond
proceeds fund to the Minnesota Historical Society for design completion and construction
for revitalization of the Oliver H. Kelley Farm Historic Site.
new text end

new text begin Subd. 3. new text end

new text begin Historic preservation grants. new text end

new text begin $1,500,000 is appropriated from the bond
proceeds fund to the Minnesota Historical Society to be allocated to county and local
jurisdictions as matching money for historic preservation projects of a capital nature, as
provided in Minnesota Statutes, section 138.0525.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $18,070,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end