HF 3256

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing spending to acquire and better
public land and buildings and other public improvements of a capital nature;
authorizing the issuance of general obligation bonds; appropriating money for
projects to support greater Minnesota bioscience development.

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

Section 1. APPROPRIATION; GREATER MINNESOTA BIOSCIENCE.

$5,000,000 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for grants to political subdivisions to predesign,
design, construct, furnish, and equip publicly owned infrastructure required to support
bioscience development in the state outside of the counties of Anoka, Carver, Dakota,
Hennepin, Olmsted, Ramsey, Scott, and Washington.

Sec. 2. BOND SALE.

To provide the money appropriated by section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,000,000 in the manner, on 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.

Sec. 3. EFFECTIVE DATE.

Sections 1 and 2 are effective the day following final enactment.