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HF 3628

as introduced - 89th Legislature (2015 - 2016) Posted on 03/24/2016 02:30pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/24/2016

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for the Blazing Star Landing
project in Albert Lea; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginALBERT LEA; BLAZING STAR LANDING.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,500,000 is appropriated from the bond proceeds
fund to the commissioner of economic development for a grant to the city of Albert Lea
for predesign, design, site work, and construction, including the relocation of Front Street,
for Phase I of the Blazing Star Landing project to redevelop the former Farmland Foods
property along Albert Lea Lake.
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 $3,500,000 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