HF 1806

as introduced - 89th Legislature (2015 - 2016) Posted on 03/12/2015 02:05pm

A bill for an act
relating to capital improvements; appropriating money for construction and
renovation of facilities in Independent School District No. 38, Red Lake;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin INDEPENDENT SCHOOL DISTRICT NO. 38, RED LAKE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $17,806,000 is appropriated from the maximum
effort school loan fund for a capital loan to Independent School District No. 38, Red Lake,
as provided in Minnesota Statutes, sections 126C.60 to 126C.72, to design, construct,
furnish, and equip renovation of existing facilities and construction of new facilities.
new text end

new text begin (a) $7,973,000 of this appropriation is for the following projects at the Red Lake
Elementary School and early childhood center: constructing, furnishing, and equipping
new classrooms connecting the early childhood center and the elementary school;
renovating classrooms, computer labs, and student support areas; updating mechanical
systems; and relocating the main entrance and administrative office.
new text end

new text begin (b) $7,989,000 of this appropriation is for the following projects at the Red Lake
Middle and High School complex: renovation and expansion of the media center;
renovation of the industrial technology and vocational education areas; renovation of
physical education and fitness areas; and replacement of a steam boiler and HVAC system
and renovation of the boiler system.
new text end

new text begin (c) $1,844,000 of this appropriation is for renovation and expansion of the media
center and construction of a bus transfer area and physical education fields at Ponemah
Elementary School.
new text end

new text begin Before any capital loan contract is approved under this authorization, the district
must provide documentation acceptable to the commissioner on how the capital loan will
be used. If any portion of the appropriation remains after completion of the identified
project components, the district may, with the commissioner's approval, use the money for
other items identified in the review and comment submission.
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 subdivision 1 from the
maximum effort school loan fund, the commissioner of management and budget shall sell
and issue bonds of the state in an amount up to $17,806,000 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. The proceeds of the bonds, except
accrued interest and any premium received on the sale of bonds, must be credited to a
bond proceeds account in the maximum effort school loan fund.
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