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HF 726

as introduced - 89th Legislature (2015 - 2016) Posted on 02/09/2015 02:10pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 02/09/2015

Current Version - as introduced

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A bill for an act
 relating to capital investment; appropriating money for the Minnesota Zoo;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA ZOOLOGICAL GARDEN.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
fund to the Minnesota Zoological Board for the purposes specified in this section.
 new text end

new text begin Subd. 2. new text end

new text begin Asset preservation and exhibit renewal. new text end

new text begin $4,000,000 is appropriated for
capital asset preservation improvements and betterments to infrastructure and exhibits at
the Minnesota Zoo, to be spent in accordance with Minnesota Statutes, section 16B.307.
Notwithstanding the specified uses of money under Minnesota Statutes, section 16B.307,
the board may use this appropriation to replace buildings that are poor in condition,
outdated, and no longer support the work of the Minnesota Zoo and to construct and
renovate trails and roads on the Minnesota Zoo site.
 new text end

new text begin Subd. 3. new text end

new text begin Heart of the Zoo. new text end

new text begin $16,000,000 is appropriated to complete the Heart of
the Zoo 2 project, to renovate the snow monkey exhibit and surrounding public spaces.
 new text end

new text begin Subd. 4. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $20,000,000 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