HF 2577

as introduced - 89th Legislature (2015 - 2016) Posted on 03/08/2016 04:15pm

A bill for an act
relating to capital investment; appropriating money for demolition of Jefferson
Elementary School in South St. Paul; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin SOUTH ST. PAUL SCHOOL DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $300,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
Special School District No. 6, South St. Paul, to demolish the Jefferson Elementary
School building and prepare the site for construction of a school district facility or for use
as public park and open space. The school district's expenditures for removal of asbestos
from the building in preparation for demolition constitute the nonstate contribution to the
project and no further nonstate contribution is required.
new text end

new text begin Any time after demolition is completed, the school district may convey the property
to the city of South St. Paul for use as a public park and open space under the terms
and conditions agreed to by the school district and the city, subject to approval by the
commissioner of management and budget.
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 subdivision 1 from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $300,000 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