HF 483

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital investment; appropriating money 
  1.3             for a grant to Itasca county for a training and 
  1.4             technology center; authorizing the issuance of general 
  1.5             obligation bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [ITASCA COUNTY TRAINING AND TECHNOLOGY CENTER.] 
  1.8      $2,000,000 is appropriated from the bond proceeds fund to 
  1.9   the commissioner of trade and economic development for a grant 
  1.10  to Itasca county to design and construct a training and 
  1.11  technology center in conjunction with the school district, the 
  1.12  city of Nashwauk, and private industry.  For every dollar of 
  1.13  nonstate money committed to the project, two dollars of this 
  1.14  appropriation are available to the county, up to the total 
  1.15  amount appropriated. 
  1.16     Sec. 2.  [BOND SALE.] 
  1.17     To provide the money appropriated by section 1, from the 
  1.18  bond proceeds fund, the commissioner of finance shall sell and 
  1.19  issue bonds of the state in an amount up to $2,000,000 in the 
  1.20  manner, on the terms, and with the effect prescribed by 
  1.21  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.22  Minnesota Constitution, article XI, sections 4 to 7. 
  1.23     Sec. 3.  [EFFECTIVE DATE.] 
  1.24     Sections 1 and 2 are effective the day following final 
  1.25  enactment.