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HF 3286

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/10/2022 02:07pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
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A bill for an act
relating to capital investment; appropriating money for the Minnesota Shubert
Center for Dance and Music; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginMINNEAPOLIS; MINNESOTA SHUBERT CENTER FOR DANCE AND
MUSIC.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $800,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Minneapolis for improvements and betterments of a capital nature to renovate the Minnesota
Shubert Center for Dance and Music. This appropriation is in addition to the appropriation
in Laws 2014, chapter 294, article 1, section 21, subdivision 13, as amended by Laws 2015,
First Special Session chapter 5, article 3, section 20. No nonstate contribution is required.
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 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 $800,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end