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HF 2910

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

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

Bill Text Versions

Engrossments
Introduction Posted on 02/13/2008

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
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A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money for the North Central Technology Laboratories facility.

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

Section 1. new text begin NORTH CENTRAL TECHNOLOGY LABORATORIES FACILITY;
APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,165,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
Grand Rapids Economic Development Authority to design, construct, furnish, and equip a
research and technology innovation facility to be located in Itasca County.
new text end

new text begin This appropriation is not available until the commissioner has determined that at
least an equal amount has been committed to the project from nonstate sources.
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 subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $6,165,000 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

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end