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HF 1650

as introduced - 90th Legislature (2017 - 2018) Posted on 02/23/2017 01:30pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for a regional event and
conference center in Wabasha, for a riverfront revitalization project in Wabasha,
and for an expansion of the National Eagle Center in Wabasha; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin WABASHA; CAPITAL PROJECT APPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Regional event and conference center. new text end

new text begin $400,000 is appropriated from
the bond proceeds fund to the commissioner of employment and economic development
for a grant to the city of Wabasha to acquire land, predesign, design, construct, furnish, and
equip a regional event and conference center in Wabasha. This appropriation is not available
until the commissioner of management and budget determines that at least $500,000 is
committed to the project from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Riverfront revitalization. new text end

new text begin $1,500,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Wabasha to acquire land, predesign, design, construct, furnish, and equip the riverfront
revitalization project in Wabasha. This appropriation is not available until the commissioner
of management and budget determines that at least $500,000 is committed to the project
from nonstate sources.
new text end

new text begin Subd. 3. new text end

new text begin National Eagle Center. new text end

new text begin $5,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Wabasha to design, construct, renovate, furnish, and equip an expansion to the National
Eagle Center. The city of Wabasha may enter into a lease or management agreement with
a nonprofit corporation under Minnesota Statutes, section 16A.695. This appropriation is
available when the commissioner of management and budget determines that an amount
sufficient to complete the project has been committed to it from other sources as required
by Minnesota Statutes, section 16A.502.
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 act from the bond proceeds
fund, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $6,900,000 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