HF 2600

as introduced - 87th Legislature (2011 - 2012) Posted on 02/29/2012 01:39pm

A bill for an act
relating to capital improvements; appropriating money to preserve and renovate
a facility that provides educational and cultural experiences to students, tourists,
and Minnesota residents in the city of 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 APPROPRIATION.
new text end

new text begin $8,500,000 is appropriated from the bond proceeds fund to the Minneapolis Park
and Recreation Board to predesign, design, engineer, construct, and complete preservation
and renovation of a facility that provides educational and cultural experiences to students,
tourists, and Minnesota residents in the city of Minneapolis that is open to the public in
conjunction with a private nonprofit institution located on park board land on the site of
the old parade grounds, subject to Minnesota Statutes, section 16A.695. The preservation
and renovation will include infrastructure replacement or repair, increased physical
accessibility to meet the Americans with Disabilities Act, and increasing energy efficiency
of related facilities.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $8,500,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end