HF 1487

as introduced - 89th Legislature (2015 - 2016) Posted on 03/05/2015 02:09pm

A bill for an act
relating to capital investment; appropriating money for improvements for the
Minnesota Museum of American Art including an integrated education facility;
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 MUSEUM OF AMERICAN ART.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
St. Paul Port Authority to design, construct, furnish, and equip improvements for the
Minnesota Museum of American Art in the historic Pioneer Endicott Building renovation.
The project shall include galleries and education facilities, art storage, access to the St.
Paul skyway, museum loading, and other capital improvements required for a museum and
related education facility. The St. Paul Port Authority may operate a museum, including
art exhibition galleries, education facilities, and related access and support facilities, and
may enter into a lease or management agreement, subject to Minnesota Statutes, section
16A.695, for the operation of this program. The appropriation shall be available upon a
determination by the commissioner that at least $6,000,000 of nonstate funds have been
raised for the project and there are sufficient funds to complete the overall project.
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 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 $6,000,000 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