HF 2451

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:04am

A bill for an act
relating to capital investment; appropriating money for a public infrastructure
grant to Ramsey County to accommodate bioscience business development;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BIOSCIENCE BUSINESS DEVELOPMENT PUBLIC
INFRASTRUCTURE GRANT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated to the commissioner of
employment and economic development for a grant under Minnesota Statutes, section
116J.435, to Ramsey County to reconstruct the Rice Street Bridge where it crosses marked
Trunk Highway 36 in Ramsey County, and for other improvements of a capital nature to
publicly owned infrastructure to support bioscience business development.
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 $5,000,000 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