as introduced - 89th Legislature (2015 - 2016) Posted on 03/12/2015 02:07pm
Engrossments | ||
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Introduction | Posted on 03/12/2015 |
A bill for an act
relating to capital investment; appropriating money for the historic Hennepin
Center for the Arts; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$6,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
Hennepin County for improvements and betterments of a capital nature to renovate the
historic Hennepin Center for the Arts, subject to Minnesota Statutes, section 16A.695. This
appropriation is not available until the commissioner of management and budget determines
that $3,000,000 has been committed to complete the project from nonstate sources.
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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.
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This section is effective the day following final enactment.
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