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HF 2427

as introduced - 87th Legislature (2011 - 2012) Posted on 02/22/2012 02:44pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4 1.5
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1.17

A bill for an act
relating to capital investment; appropriating money for renovation of the historic
Masonic Temple at the Hennepin Center for the Arts, in Minneapolis; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin MASONIC TEMPLE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds
fund to the commissioner of economic development for a grant to the city of Minneapolis
for improvements and betterments of a capital nature to renovate the historic Masonic
Temple at the Hennepin Center for the Arts, in Minneapolis, subject to Minnesota
Statutes, section 16A.695.
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 $3,000,000 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