HF 3314

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/12/2024 12:03am

A bill for an act
relating to capital investment; appropriating money for capital improvements at
the MacPhail Center in the city of Minneapolis; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin MINNEAPOLIS; MACPHAIL CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,325,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Minneapolis to design, construct, and equip capital improvements to the MacPhail Center
for Music building. This appropriation includes money to replace or upgrade HVAC, water
heating, and other mechanical systems and lighting; replace sidewalks; and renovate the
lobby and for other building and site improvements, subject to Minnesota Statutes, section
16A.695.
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 $2,325,000 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