HF 2807

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; appropriating money 
  1.3             for expansion of the St. Cloud Civic Center; 
  1.4             authorizing the sale of state bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [ST. CLOUD CIVIC CENTER EXPANSION.] 
  1.7      Subdivision 1.  [APPROPRIATION.] $3,250,000 is appropriated 
  1.8   from the bond proceeds fund to the commissioner of employment 
  1.9   and economic development for a grant to the city of St. Cloud 
  1.10  for asset preservation, land acquisition, and to predesign, 
  1.11  design, construct, furnish, and equip the expansion of the St. 
  1.12  Cloud Civic Center.  This appropriation is not available until 
  1.13  the commissioner has determined that at least an equal amount 
  1.14  has been committed from nonstate sources.  
  1.15     Subd. 2.  [BOND SALE.] To provide the money appropriated in 
  1.16  this act from the bond proceeds fund, the commissioner of 
  1.17  finance shall sell and issue bonds of the state in an amount up 
  1.18  to $3,250,000 in the manner, upon the terms, and with the effect 
  1.19  prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, 
  1.20  and by the Minnesota Constitution, article XI, sections 4 to 7. 
  1.21     Sec. 2.  [EFFECTIVE DATE.] 
  1.22     This act is effective the day following final enactment.