HF 2568

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:32pm

A bill for an act
relating to capital improvements; authorizing the sale and issuance of state
bonds; appropriating money for a construction project at Gillette Children's
Specialty Healthcare for use as a health care facility.

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

Section 1. new text begin GILLETTE CHILDREN'S SPECIALTY HEALTHCARE;
APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
Ramsey County to design, construct, furnish, and equip capital improvements to the
hospital facility operated by Gillette Children's Specialty Healthcare, subject to Minnesota
Statutes, section 16A.695. A management contract or use agreement with respect to
the facility must require that it be used to carry out a governmental program, including
but not limited to providing health care.
new text end

new text begin This appropriation is intended to cover approximately one-third of the $62,000,000
total project cost. It is not available until the commissioner has determined that an amount
sufficient to complete the project has been committed from nonstate sources.
new text end

new text begin If this state bond financed property is sold, and notwithstanding Minnesota Statutes,
section 16A.695, subdivision 3, clause (2), the net proceeds must be applied as follows:
first, to pay the state the amount of state bond proceeds used to acquire or better the
property; and second, any remaining amount must be paid to Ramsey County, or its
successor in interest in the property. When the sale is complete and the sale proceeds have
been applied as provided in this subdivision, section 16A.695 no longer applies to the
property and the property is no longer state bond financed property.
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 $20,000,000 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

Sec. 2. new text begin EFFECTIVE DATE.
new text end

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