HF 3108

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 spending 
  1.3             to acquire and to better public land and buildings and 
  1.4             other public improvements of a capital nature; making 
  1.5             a grant to the city of Lanesboro for a theater and 
  1.6             arts center; authorizing issuance of bonds; 
  1.7             appropriating money. 
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  [APPROPRIATION.] 
  1.10     $4,000,000 is appropriated from the bond proceeds fund to 
  1.11  the commissioner of trade and economic development for a grant 
  1.12  to the city of Lanesboro to acquire land for, design, construct, 
  1.13  furnish, and equip a theater and arts center for lease to the 
  1.14  Commonweal Theatre Company and Cornucopia Arts Center, subject 
  1.15  to the requirements of Minnesota Statutes, section 16A.695. 
  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, on request of 
  1.19  the governor, shall sell and issue bonds of the state in an 
  1.20  amount up to $4,000,000 in the manner, on the terms, and with 
  1.21  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.22  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.23  4 to 7. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     Sections 1 and 2 are effective the day following final 
  1.26  enactment.