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HF 2663

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 02/16/2006

Current Version - as introduced

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1.16 1.17

A bill for an act
relating to capital improvements; authorizing the sale and issuance of state
bonds; appropriating money for maximum daily load grants.

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

Section 1. new text beginAPPROPRIATION.
new text end

new text begin $15,000,000 is appropriated from the bond proceeds fund to the Minnesota Public
Facilities Authority to make maximum daily load grants under Minnesota Statutes,
section 446A.073.
new text end

Sec. 2. new text beginBOND SALE.
new text end

new text begin To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to
$15,000,000 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. Notwithstanding Minnesota Statutes, section 16A.642, the bond sale
authorization and appropriation in this act do not expire.
new text end

Sec. 3. new text beginEFFECTIVE DATE.
new text end

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