HF 1991

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital investment; providing a grant to 
  1.3             the Perpich Center for Arts Education; authorizing the 
  1.4             sale of state bonds; appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $3,600,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of education for a grant to the Perpich Center 
  1.9   for Arts Education for asset preservation, Beta Building 
  1.10  demolition, Alpha Building renovation, and dormitory renovation. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in section 1 from the 
  1.13  bond proceeds fund, the commissioner of finance shall sell and 
  1.14  issue bonds of the state in an amount up to $3,600,000 in the 
  1.15  manner, upon the terms, and with the effect prescribed by 
  1.16  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.17  Minnesota Constitution, article XI, sections 4 to 7. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     This act is effective the day following final enactment.