HF 4109

as introduced - 90th Legislature (2017 - 2018) Posted on 03/29/2018 04:28pm

A bill for an act
relating to capital investment; appropriating money for the Brainerd Armory;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BRAINERD ARMORY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,143,000 is appropriated from the bond proceeds fund
to the adjutant general to design, construct, renovate, furnish, and equip capital improvements
to the National Guard Readiness Center in Brainerd.
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 $4,143,000 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 Subd. 3. new text end

new text begin Unspent appropriations. new text end

new text begin The unspent portion of an appropriation for a project
in this section that is complete, upon written notice to the commissioner of management
and budget, is available for statewide asset preservation under Minnesota Statutes, section
16B.307. Minnesota Statutes, 16A.642, applies from the date of the original appropriation
to the unspent amount transferred.
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