HF 4336

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/17/2022 02:20pm

A bill for an act
relating to capital investment; appropriating money for redevelopment of the Bird
Island elementary school; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BIRD ISLAND; ELEMENTARY SCHOOL REDEVELOPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,789,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Bird Island to predesign, design, construct, furnish, and equip the redevelopment of the
former elementary school operated by the Bird Island-Olivia-Lake Lillian school district,
Independent School District No. 2534. This appropriation includes money for demolition
costs necessary for the redevelopment and reuse of the building. The new facility will serve
the community as a regional economic development, events, and community center. The
city may enter into a lease or management agreement for the facility or portions of the
facility, 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 $5,789,000 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