HF 3085

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; for a grant to the 
  1.3             city of Fairmont to expand and improve athletic 
  1.4             facilities; authorizing issuance of bonds; 
  1.5             appropriating money.  
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION.] 
  1.8      $500,000 is appropriated from the bond proceeds fund to the 
  1.9   commissioner of trade and economic development for a grant to 
  1.10  the city of Fairmont to acquire land for, renovate, and expand 
  1.11  the Winnebago Avenue sports complex, including reconfiguring two 
  1.12  ball fields, adding two fields, paving a parking lot, and 
  1.13  building other amenities.  This appropriation is not available 
  1.14  until an equal amount of nonstate money has been committed to 
  1.15  the project. 
  1.16     Sec. 2.  [BOND SALE.] 
  1.17     To provide the money appropriated in section 1 from the 
  1.18  bond proceeds fund, the commissioner of finance shall sell and 
  1.19  issue bonds of the state in an amount up to $500,000 in the 
  1.20  manner, on the terms, and with the effect prescribed by 
  1.21  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.22  Minnesota Constitution, article XI, sections 4 to 7. 
  1.23     Sec. 3.  [EFFECTIVE DATE.] 
  1.24     Sections 1 and 2 are effective the day following final 
  1.25  enactment.