HF 2804

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 issuance 
  1.3             of state bonds; appropriating money to the city of 
  1.4             Lake Lillian to construct a community center. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $150,000 is appropriated from the bond proceeds fund to the 
  1.8   commissioner of trade and economic development for a grant to 
  1.9   the city of Lake Lillian.  The money is to be used for the 
  1.10  acquisition and betterment of a community center.  The project 
  1.11  is subject to Minnesota Statutes, section 16A.695.  The grant 
  1.12  must be matched by an equal amount from nonstate sources. 
  1.13     Sec. 2.  [BOND SALE.] 
  1.14     To provide the money appropriated in section 1 from the 
  1.15  bond proceeds fund, the commissioner of finance, on request of 
  1.16  the governor, shall sell and issue bonds of the state in an 
  1.17  amount up to $150,000 in the manner, on the terms, and with the 
  1.18  effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.19  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.20  4 to 7.  
  1.21     Sec. 3.  [EFFECTIVE DATE.] 
  1.22     Sections 1 and 2 are effective the day following final 
  1.23  enactment.