as introduced - 91st Legislature (2019 - 2020) Posted on 03/07/2019 02:47pm
A bill for an act
relating to capital investment; appropriating money for improvements to the Ames
Arena in Lakeville; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,650,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Lakeville for capital improvements to the Ames Arena, including replacement of an ice
plant, dehumidification system, roof replacement, and replacement of ice floor systems.
This appropriation is available when the commissioner of management and budget determines
that sufficient resources have been committed to complete the project, as required by
Minnesota Statutes, section 16A.502.
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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 $1,650,000 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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