HF 31

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money for a
center for agricultural innovation in the city of
Olivia.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $....... is appropriated from the bond proceeds fund to the
city of Olivia to establish a center for agricultural innovation
to promote agricultural seed innovation by providing a place for
experts to gather and study seed technology.
new text end

new text begin The appropriation is not available until the commissioner
determines that $....... has been committed to the project from
nonstate sources.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the
bond proceeds fund, the commissioner of finance, on request of
the governor, shall sell and issue bonds of the state in an
amount up to $....... 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end