as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 02/07/2002 |
1.1 A bill for an act 1.2 relating to capital improvements; for a grant to the 1.3 city of Fairmont to expand and improve athletic 1.4 facilities; authorizing issuance of bonds; 1.5 appropriating money. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [APPROPRIATION.] 1.8 $500,000 is appropriated from the bond proceeds fund to the 1.9 commissioner of trade and economic development for a grant to 1.10 the city of Fairmont to acquire land for, renovate, and expand 1.11 the Winnebago Avenue sports complex, including reconfiguring two 1.12 ball fields, adding two fields, paving a parking lot, and 1.13 building other amenities. This appropriation is not available 1.14 until an equal amount of nonstate money has been committed to 1.15 the project. 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 shall sell and 1.19 issue bonds of the state in an amount up to $500,000 in the 1.20 manner, on the terms, and with the effect prescribed by 1.21 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.22 Minnesota Constitution, article XI, sections 4 to 7. 1.23 Sec. 3. [EFFECTIVE DATE.] 1.24 Sections 1 and 2 are effective the day following final 1.25 enactment.