HF 4095

as introduced - 91st Legislature (2019 - 2020) Posted on 03/04/2020 03:37pm

A bill for an act
relating to capital investment; appropriating money for the city of Isanti to provide
an educational and community center for the Tibetan American Foundation of
Minnesota; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ISANTI; TIBETAN AMERICAN FOUNDATION OF MINNESOTA
CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Isanti to acquire real property, predesign, design, construct, renovate, and equip an
educational and community center for use by the Tibetan American Foundation of Minnesota,
subject to Minnesota Statutes, section 16A.695. This appropriation is not available until the
commissioner of management and budget determines that at least an equal amount has been
committed from nonstate resources 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 $1,500,000 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