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Minnesota Legislature

Office of the Revisor of Statutes

SF 407

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

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money to the
city of Fairmont for the Southern Minnesota
Educational Campus.

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

Section 1. new text beginAPPROPRIATION.
new text end

new text begin $500,000 is appropriated from the bond proceeds fund to the
commissioner of education for a grant to the city of Fairmont
for the Southern Minnesota Educational Campus to furnish and
equip classroom facilities, including information technology and
building wiring.
new text end

Sec. 2. new text beginBOND 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 $500,000 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. 3. new text beginEFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end