SF 418

as introduced - 88th Legislature (2013 - 2014) Posted on 02/14/2013 08:41am

A bill for an act
relating to capital investment; appropriating money for renovation and expansion
of the Perham Area Community Center; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin PERHAM AREA COMMUNITY CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,365,477 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Perham to renovate and expand the Perham Area Community Center, subject to
Minnesota Statutes, sections 16A.695 and 16A.502.
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 $1,365,477 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