as introduced - 90th Legislature (2017 - 2018) Posted on 03/01/2018 03:30pm
A bill for an act
relating to capital investment; appropriating money for Mighty Ducks grants;
authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$15,000,000 is appropriated from the bond proceeds
fund to the Minnesota Amateur Sports Commission for grants to local units of government
under Minnesota Statutes, section 240A.09. Notwithstanding Minnesota Statutes, section
240A.09, paragraph (l), the commission may use this appropriation to award one grant
exceeding $200,000 to a community within the metropolitan area as defined in Minnesota
Statutes, section 473.121, subdivision 2, and one grant exceeding $200,000 to a community
in greater Minnesota.
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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 $15,000,000 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.
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This section is effective the day following final enactment.
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