Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

HF 2789

as introduced - 89th Legislature (2015 - 2016) Posted on 03/15/2016 09:38am

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

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14

A bill for an act
relating to capital investment; appropriating money for the Minnesota Cycling
Center; authorizing the sale and issuance of state bonds.


Section 1. new text beginMINNESOTA CYCLING CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $250,000 is appropriated from the bond proceeds
fund to the Minnesota Amateur Sports Commission to predesign and acquire land for a
multipurpose bicycle racing and event center, including a velodrome, to be located in the
metropolitan area, as defined in Minnesota Statutes, section 473.121.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $250,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end