HF 2717

as introduced - 92nd Legislature (2021 - 2022) Posted on 01/31/2022 10:37am

A bill for an act
relating to capital investment; appropriating money for improvements to the Hoyt
Lakes Community Recreation and Wellness Center; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin COMMUNITY RECREATION AND WELLNESS CENTER; HOYT
LAKES.
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
Hoyt Lakes for improvements of a capital nature to the community recreation and wellness
center, including major projects to preserve or replace mechanical or electrical systems,
utility infrastructure, safety systems, and site renovations to support ongoing operations
including energy conservation and accessibility improvements. This appropriation is exempt
from the requirements under Minnesota Statutes, section 16A.86, subdivision 4.
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