HF 1968

as introduced - 87th Legislature (2011 - 2012) Posted on 01/26/2012 02:35pm

A bill for an act
relating to capital improvements; appropriating money for the Minnesota
Children's Museum; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $12,000,000 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of St. Paul to design,
construct, furnish, and equip an expansion and renovation of the Minnesota Children's
Museum, subject to Minnesota Statutes, section 16A.695. The expansion and exhibit
upgrades should incorporate the latest research on early learning, allow for new
state-of-the art education facilities for Minnesota's early childhood educators, and increase
the capacity of visitors to galleries and programming areas.
new text end

new text begin This appropriation is not available until the commissioner has determined that at
least an equal amount has been committed from nonstate sources.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $12,000,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end