HF 2726

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital improvements; authorizing spending 
  1.3             to acquire and to better public land and buildings and 
  1.4             other public improvements of a capital nature; for a 
  1.5             grant to the city of Litchfield for the city library; 
  1.6             authorizing issuance of bonds; appropriating money. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  [APPROPRIATION.] 
  1.9      $500,000 is appropriated from the bond proceeds fund to the 
  1.10  commissioner of trade and economic development for a grant to 
  1.11  the city of Litchfield to acquire land and a building, and to 
  1.12  design, construct, and remodel the building for the Litchfield 
  1.13  city library, subject to the requirements of Minnesota Statutes, 
  1.14  section 16A.695.  This appropriation is not available until an 
  1.15  equal amount has been committed from nonstate sources. 
  1.16     Sec. 2.  [BOND SALE.] 
  1.17     To provide the money appropriated in section 1 from the 
  1.18  bond proceeds fund, the commissioner of finance, on request of 
  1.19  the governor, shall sell and issue bonds of the state in an 
  1.20  amount up to $500,000 in the manner, on the terms, and with the 
  1.21  effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.22  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.23  4 to 7. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     Sections 1 and 2 are effective the day following final 
  1.26  enactment.