HF 460

as introduced - 89th Legislature (2015 - 2016) Posted on 03/04/2015 01:38pm

A bill for an act
relating to capital investment; appropriating money for a shooting sports facility
in the seven-county metropolitan area; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin METRO SHOOTING SPORTS FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $25,000,000 is appropriated from the bond proceeds
fund to the Minnesota Amateur Sports Commission to acquire land and prepare a site for,
and to predesign, design, construct, furnish, and equip a shooting sports facility in the
seven-county metropolitan area.
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 $25,000,000 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

new text begin EFFECTIVE DATE. new text end

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