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Minnesota Legislature

Office of the Revisor of Statutes

SF 1143

as introduced - 91st Legislature (2019 - 2020) Posted on 03/27/2019 09:09am

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 investment; appropriating money for the Victoria Theater;
authorizing the sale and issuance of state bonds.

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

Section 1. new text beginST. PAUL; VICTORIA THEATER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
St. Paul to acquire property located at 825 University Avenue West, and to predesign, design,
construct, furnish, and equip the renovation of the historic Victoria Theater, to serve as a
regional multicultural community and event center, subject to Minnesota Statutes, section
16A.695. This appropriation includes money for: demolition work; improvements to or
replacement of the mechanical, electrical, plumbing, heating, ventilating, and air conditioning
systems; repairs to the existing roof and exterior enclosure; site improvements; construction
or renovation of interior spaces; and other improvements of a capital nature.
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 $3,000,000 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