HF 1997

as introduced - 87th Legislature (2011 - 2012) Posted on 01/30/2012 02:01pm

A bill for an act
relating to capital investment; appropriating money for replacement of two
school facilities for the Rushford-Peterson school district; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin RUSHFORD-PETERSON SCHOOL DISTRICT, INDEPENDENT
SCHOOL DISTRICT NO. 239.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
fund to the commissioner of education for a cooperative facilities grant to Independent
School District No. 239, Rushford-Peterson, under Minnesota Statutes, sections 123A.44
to 123A.446, to predesign, design, construct, furnish, and equip a single prekindergarten
through grade 12 school facility of approximately 156,037 square feet on a site owned by
the school district in the city of Rushford, notwithstanding the limit set forth in Minnesota
Statutes, section 123A.446.
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 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 $20,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end