SF 2561
Introduction - 84th Legislature (2005 - 2006)
Posted on 12/15/2009 12:00 a.m.
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A bill for an act
relating to capital investment; appropriating money for a grant to renovate Wells
City Hall; authorizing the issuance of general obligation bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin APPROPRIATION; RENOVATION OF WELLS CITY HALL.
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$284,500 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of Wells to renovate,
furnish, and equip Wells City Hall.
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Sec. 2. new text begin BOND SALE.
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To provide the money appropriated by section 1 from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to $284,500
in the manner, on 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.
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Sec. 3. new text begin EFFECTIVE DATE.
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Sections 1 and 2 are effective the day following final enactment.
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