HF 3798

as introduced - 91st Legislature (2019 - 2020) Posted on 02/26/2020 02:40pm

A bill for an act
relating to capital investment; appropriating money for acquisition and renovation
of the Batcher Block Opera House in Staples; authorizing the sale and issuance of
state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin STAPLES; BATCHER BLOCK OPERA HOUSE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,500,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Staples to acquire, predesign, design, renovate, furnish, and equip the Batcher Block Opera
House for a multiuse performing arts facility. The city may enter into a lease or management
agreement under Minnesota Statutes, section 16A.695, to operate the programs in the facility.
This appropriation is not available until the commissioner of management and budget
determines that at least an equal amount has been committed from nonstate sources to
complete the project.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $8,500,000 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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end