as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/08/1999 |
1.1 A bill for an act 1.2 relating to bonds; authorizing the issuance of general 1.3 obligation bonds to renovate an historic structure 1.4 without requirement of ownership by the issuer. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [AUTHORIZATION.] 1.7 If the Long Prairie housing and redevelopment authority 1.8 issues bonds under Minnesota Statutes, section 469.034, 1.9 subdivision 2, to provide funds to renovate the Hotel Reichert 1.10 building on the National Register of Historic Places for a 1.11 qualified housing development project, the project is not 1.12 required to be owned by the authority for the term of the bonds. 1.13 The bonds are subject to all other requirements of section 1.14 469.034, subdivision 2. 1.15 Sec. 2. [EFFECTIVE DATE.] 1.16 Section 1 is effective the day after the latter of the 1.17 certificates of approval of the Long Prairie city council and 1.18 the board of commissioners of the Long Prairie housing and 1.19 redevelopment authority is filed in compliance with Minnesota 1.20 Statutes, section 645.021, subdivision 3.