SF 2871

Introduction - 85th Legislature (2007 - 2008)

Posted on 12/15/2009 12:00 a.m.

A bill for an act
relating to capital investment; authorizing spending to acquire and better public
land and buildings and other improvements of a capital nature; authorizing
the issuance of state bonds; appropriating money for asset preservation at
correctional facilities statewide.

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

Section 1. new text begin DEPARTMENT OF CORRECTIONS; ASSET PRESERVATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $22,090,000 is appropriated from the bond proceeds
fund to the commissioner of administration for improvements and betterments of a capital
nature at Minnesota correctional facilities statewide, in accordance with Minnesota
Statutes, section 16B.307.
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 finance shall sell and issue bonds of the
state in an amount up to $22,090,000 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