as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money for the North Central Technology Laboratories facility.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$6,165,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
Grand Rapids Economic Development Authority to design, construct, furnish, and equip a
research and technology innovation facility to be located in Itasca County.
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This appropriation is not available until the commissioner has determined that at
least an equal amount has been committed to the project from nonstate sources.
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To provide the money appropriated in subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $6,165,000 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.
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Section 1 is effective the day following final enactment.
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