as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
|Introduction||Posted on 01/26/1998|
1.1 A bill for an act 1.2 relating to appropriations; authorizing state bonds; 1.3 appropriating money for the Ely business technology 1.4 center. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [ELY BUSINESS TECHNOLOGY CENTER.] 1.7 Subdivision 1. [APPROPRIATION.] $5,000,000 is appropriated 1.8 from the bond proceeds fund to the city of Ely for the Ely 1.9 business technology center. 1.10 Subd. 2. [BOND SALE.] To provide the money appropriated by 1.11 this section from the bond proceeds fund, the commissioner of 1.12 finance, on request of the governor, shall sell and issue bonds 1.13 of the state in an amount up to $5,000,000 in the manner, on the 1.14 terms, and with the effect prescribed by Minnesota Statutes, 1.15 sections 16A.631 to 16A.675, and by the Minnesota Constitution, 1.16 article XI, sections 4 to 7. 1.17 Sec. 2. [EFFECTIVE DATE.] 1.18 Section 1 is effective the day after its final enactment.