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HF 3359

as introduced - 89th Legislature (2015 - 2016) Posted on 03/17/2016 02:41pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for a regional event and
conference center in Wabasha, for a riverfront revitalization project in Wabasha,
and an expansion of the National Eagle Center in Wabasha; authorizing the
issuance of state bonds.

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

Section 1. new text beginAPPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Regional event and conference center; Wabasha. new text end

new text begin $900,000 is
appropriated from the bond proceeds fund to the commissioner of employment and
economic development for a grant to the city of Wabasha to acquire land, predesign,
design, construct, furnish, and equip a regional event and conference center in Wabasha.
This appropriation is not available until at least an equal amount is committed from
nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Riverfront revitalization; Wabasha. new text end

new text begin $1,500,000 is appropriated from
the bond proceeds fund to the commissioner of employment and economic development
for a grant to the city of Wabasha to acquire land, predesign, design, construct, furnish,
and equip a riverfront revitalization project in Wabasha. A grant under this subdivision to
the city of Wabasha is not available until the commissioner of management and budget
determines that $500,000 is committed from nonstate sources.
new text end

new text begin Subd. 3. new text end

new text begin National Eagle Center; Wabasha. new text end

new text begin $2,000,000 is appropriated from
the bond proceeds fund to the commissioner of administration for a grant to the city of
Wabasha to design, construct, furnish, and equip an expansion to the National Eagle
Center. The city of Wabasha may enter into a lease or management agreement with a
nonprofit corporation under Minnesota Statutes, section 16A.695. This appropriation is
not available until at least $1,000,000 has been committed from nonstate sources.
new text end

new text begin Subd. 4. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $4,400,000 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