HF 2605

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 investment; authorizing spending to acquire and better public 1.3land and buildings and other improvements of a capital nature; authorizing the 1.4issuance of state bonds; appropriating money for the Hallock Ice Arena. 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6    Section 1. new text begin HALLOCK ICE ARENA. new text end 1.7     new text begin Subdivision 1. new text end new text begin Appropriation. new text end new text begin $150,000 is appropriated from the bond proceeds new text end 1.8 new text begin fund to the Minnesota Amateur Sports Commission for a grant to the Kittson Central new text end 1.9 new text begin School District, No. 2171, to predesign, design, construct, furnish, and equip renovations new text end 1.10 new text begin of the Hallock Ice Arena. This appropriation is not available until the commissioner of new text end 1.11 new text begin finance determines that at least an equal amount has been committed to the project from new text end 1.12 new text begin nonstate sources, including in-kind contributions. new text end 1.13     new text begin Subd. 2. new text end new text begin Bond sale. new text end new text begin To provide money appropriated by subdivision 1 from the bond new text end 1.14 new text begin proceeds fund, the commissioner of finance shall sell and issue bonds of the state in an new text end 1.15 new text begin amount up to $150,000 in the manner, on the terms, and with the effect prescribed by new text end 1.16 new text begin Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, new text end 1.17 new text begin article XI, sections 4 to 7. new text end 1.18 new text begin EFFECTIVE DATE. new text end new text begin This section is effective the day following final enactment. new text end