as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to economic development; appropriating money 1.3 for a grant; authorizing the sale of bonds. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [APPROPRIATION.] 1.6 $1,200,000 is appropriated from the bond proceeds fund to 1.7 the commissioner of trade and economic development for a grant 1.8 to the Central Range Economic Development Initiative for 1.9 predesign of projects that will promote economic development and 1.10 have statewide significance. 1.11 Sec. 2. [BOND SALE.] 1.12 To provide the money in section 1 appropriated from the 1.13 bond proceeds fund, the commissioner of finance shall sell and 1.14 issue bonds of the state in an amount up to $1,200,000 in the 1.15 manner, upon the terms, and with the effect prescribed by 1.16 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.17 Minnesota Constitution, article XI, sections 4 to 7.