as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
|Introduction||Posted on 02/26/2004|
1.1 A bill for an act 1.2 relating to capital improvements; appropriating money 1.3 for the greater Minnesota business development public 1.4 infrastructure grant program and the greater Minnesota 1.5 redevelopment account; authorizing the sale of state 1.6 bonds. 1.7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.8 Section 1. [GREATER MINNESOTA CAPITAL GRANTS.] 1.9 Subdivision 1. [GREATER MINNESOTA BUSINESS DEVELOPMENT 1.10 PUBLIC INFRASTRUCTURE GRANTS.] $25,000,000 is appropriated from 1.11 the bond proceeds fund to the commissioner of employment and 1.12 economic development for grants under the greater Minnesota 1.13 business development public infrastructure grant program under 1.14 Minnesota Statutes, section 116J.431. 1.15 Subd. 2. [GREATER MINNESOTA REDEVELOPMENT 1.16 ACCOUNT.] $10,000,000 is appropriated from the bond proceeds 1.17 fund to the commissioner of employment and economic development 1.18 for transfer to the greater Minnesota redevelopment account 1.19 created in Minnesota Statutes, section 116J.571. 1.20 Subd. 3. [BOND SALE.] To provide the money appropriated in 1.21 this act from the bond proceeds fund, the commissioner of 1.22 finance shall sell and issue bonds of the state in an amount up 1.23 to $35,000,000 in the manner, upon the terms, and with the 1.24 effect prescribed by Minnesota Statutes, sections 16A.631 to 1.25 16A.675, and by the Minnesota Constitution, article XI, sections 1.26 4 to 7. 2.1 Sec. 2. [EFFECTIVE DATE.] 2.2 This act is effective the day following final enactment.