HF 1196

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.