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; for a 1.5 grant to the city of Lake Benton for a visitor center 1.6 and railroad depot; 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 $600,000 is appropriated from the bond proceeds fund to the 1.11 commissioner of trade and economic development for a grant to 1.12 the city of Lake Benton to acquire, design, construct, furnish, 1.13 and equip a visitor center and railroad depot building. This 1.14 appropriation is subject to the requirements of Minnesota 1.15 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 $600,000 in the manner, on the terms, and with the 1.21 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.