HF 978

1st Committee Engrossment - 85th Legislature (2007 - 2008)

Posted on 12/22/2009 12:38 p.m.

1.1A bill for an act 1.2relating to capital improvements; appropriating money for a grant to Independent 1.3School District No. 11, Anoka-Hennepin, to purchase and restore native prairie 1.4and wetland adjacent to Riverview Elementary School; authorizing the sale 1.5and issuance of state bonds. 1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7    Section 1. new text begin APPROPRIATION. new text end 1.8 new text begin $240,000 is appropriated from the bond proceeds fund to the commissioner of new text end 1.9 new text begin education for a grant to Independent School District No. 11, Anoka-Hennepin, to acquire new text end 1.10 new text begin land adjacent to Riverview Elementary School and for improvements of a capital nature to new text end 1.11 new text begin develop and restore wetland and native prairie habitat on the land. new text end 1.12    Sec. 2. new text begin BOND SALE. new text end 1.13 new text begin To provide the money appropriated in section 1 from the bond proceeds fund, new text end 1.14 new text begin the commissioner of finance shall sell and issue bonds of the state in an amount up to new text end 1.15 new text begin $240,000 in the manner, upon the terms, and with the effect prescribed by Minnesota new text end 1.16 new text begin Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, new text end 1.17 new text begin sections 4 to 7. The proceeds of the bonds, except accrued interest and any premium new text end 1.18 new text begin received on the sale of the bonds, must be credited to a bond proceeds account in the new text end 1.19 new text begin maximum effort school loan fund. new text end 1.20    Sec. 3. new text begin EFFECTIVE DATE. new text end 1.21 new text begin Sections 1 and 2 are effective the day following final enactment. new text end