HF 3173

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 the city of Madelia for capital improvements 
  1.4             to the business incubator building; authorizing the 
  1.5             issuance of state bonds; appropriating money. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION.] 
  1.8      $1,002,000 is appropriated from the bond proceeds fund to 
  1.9   the commissioner of trade and economic development for a grant 
  1.10  to the city of Madelia to design, construct, furnish, and equip 
  1.11  improvements to the building owned by the city that serves as a 
  1.12  business incubator. 
  1.13     Sec. 2.  [BOND SALE.] 
  1.14     To provide the money appropriated in this act from the bond 
  1.15  proceeds fund, the commissioner of finance shall sell and issue 
  1.16  bonds of the state in an amount up to $1,002,000 in the manner, 
  1.17  upon the terms, and with the effect prescribed by Minnesota 
  1.18  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.19  Constitution, article XI, sections 4 to 7. 
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     Sections 1 and 2 are effective the day following final 
  1.22  enactment.