HF 2856

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; providing for a 
  1.3             grant to independent school district No. 38, Red Lake, 
  1.4             for school construction costs and related 
  1.5             improvements; authorizing bonds; appropriating money. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION.] 
  1.8      $40,130,000 is appropriated from the bond proceeds fund to 
  1.9   the commissioner of children, families, and learning for a grant 
  1.10  to independent school district No. 38, Red Lake, for 
  1.11  construction and renovation costs and related improvements to 
  1.12  the early childhood, elementary, middle, and high school 
  1.13  facilities. 
  1.14     Sec. 2.  [BOND SALE.] 
  1.15     To provide the money appropriated in section 1 from the 
  1.16  bond proceeds fund, the commissioner of finance shall sell and 
  1.17  issue bonds of the state in an amount up to $40,130,000 in the 
  1.18  manner, upon the terms, and with the effect prescribed by 
  1.19  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.20  Minnesota Constitution, article XI, sections 4 to 7. 
  1.21     Sec. 3.  [EFFECTIVE DATE.] 
  1.22     This act is effective the day following final enactment.