HF 556

as introduced - 88th Legislature (2013 - 2014) Posted on 02/13/2013 02:12pm

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

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

Section 1. new text begin CHATFIELD CENTER FOR THE ARTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,094,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
Chatfield economic development authority to predesign, design, renovate, construct,
furnish, and equip the Chatfield Center for the Arts in the city of Chatfield. The center
includes the George H. Potter auditorium, the adjacent 1916 school building, and the
land surrounding the structures currently owned by the economic development authority.
Money, land and buildings, and in-kind contributions provided to the center before the
enactment of this section are considered to be sufficient local match, and no further local
match is required. Notwithstanding Minnesota Statutes, section 16A.641, subdivision 8,
or any other law to the contrary, no money may be appropriated for this project before
June 1, 2014.
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 $7,094,000 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