HF 4685

as introduced - 91st Legislature (2019 - 2020) Posted on 05/15/2020 09:47am

A bill for an act
relating to capital investment; appropriating money for a Mayo Memorial on the
Capitol grounds; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MAYO MEMORIAL ON THE STATE CAPITOL GROUNDS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $250,000 is appropriated to the commissioner of
administration to predesign, design, and construct a memorial on the State Capitol grounds
to honor Dr. William James Mayo and Dr. Charles Horace Mayo for their lasting legacies
of contributions to Minnesota and all mankind. This appropriation is not available until the
commissioner of management and budget has determined that at least $250,000 has been
committed to the project from nonstate sources.
new text end

new text begin (b) The design and location of the memorial on the Capitol grounds is subject to the
approval of the Capitol Area Architectural and Planning Board.
new text end

new text begin (c) The commissioner of administration may solicit gifts, grants, or donations of any
kind from any private or public source to carry out the purposes of this subdivision. The
account consists of money transferred by law to the account and any other money donated,
gifted, granted, allotted, or otherwise provided to the account. All gifts, grants, or donations
received by the commissioner shall be deposited in a Mayo Memorial account in the special
revenue fund. Money in the account is appropriated annually to the commissioner of
administration for predesign, design, construction, and ongoing maintenance of the memorial.
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 $250,000 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