SF 339

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money
to repay a loan for the Crosswinds Arts and Science
Middle School; authorizing the sale of state bonds.

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

Section 1. new text begin CROSSWINDS ARTS AND SCIENCE MIDDLE SCHOOL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,083,000 is appropriated
from the bond proceeds fund to the commissioner of education for
a grant to Joint Powers District No. 6067, East Metro
Integration District, to repay a loan from Independent School
District No. 625, St. Paul, that was used to complete acquiring
land for the site of Crosswinds Arts and Science Middle School.
This appropriation is added to the appropriations in Laws 1998,
chapter 404, section 5, subdivision 5; Laws 1999, chapter 240,
article 1, section 3; Laws 2000, chapter 492, article 1, section
5, subdivision 2; and Laws 2001, First Special Session chapter
12, section 2, subdivision 2, for the same project.
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 act from the bond proceeds fund, the commissioner of
finance shall sell and issue bonds of the state in an amount up
to $1,083,000 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

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end