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Minnesota Legislature

Office of the Revisor of Statutes

HF 2892

as introduced - 90th Legislature (2017 - 2018) Posted on 03/28/2018 01:42pm

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

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for a regional public television
station in Austin; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginREGIONAL PUBLIC TELEVISION STATION, AUSTIN.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,800,000 is appropriated from the bond proceeds fund
to the commissioner of administration for a grant to the city of Austin to acquire land,
predesign, design, construct, furnish, and equip a regional public television station in the
city of Austin. This appropriation is not available until the commissioner of management
and budget determines that $2,800,000 has been committed to the project from nonstate
sources. The market value of the land purchased or acquired for this facility shall count
toward the nonstate match.
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 $2,800,000 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