HF 3205

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 economic development; providing a grant for utility upgrades 1.3and extension for bioscience research park and integrated medicine facility; 1.4appropriating money; authorizing the issuance of state bonds. 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6    Section 1. new text begin APPROPRIATION. new text end 1.7 new text begin (a) $3,400,000 in fiscal year 2008 is appropriated from the bond proceeds fund to new text end 1.8 new text begin the commissioner of employment and economic development for a grant to the Pine new text end 1.9 new text begin Island Economic Development Authority to upgrade and extend utilities to serve Elk new text end 1.10 new text begin Run Bioscience Research Park and The Falls - Healthy Living By Nature, an integrated new text end 1.11 new text begin medicine facility. new text end 1.12     new text begin (b) To provide the money appropriated in this section from the bond proceeds fund, new text end 1.13 new text begin the commissioner of finance shall sell and issue bonds of the state in an amount up to new text end 1.14 new text begin $3,400,000 in the manner, upon the terms, and with the effect prescribed by Minnesota new text end 1.15 new text begin Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, new text end 1.16 new text begin sections 4 to 7. new text end