SF 1201

as introduced - 90th Legislature (2017 - 2018) Posted on 02/21/2017 08:59am

A bill for an act
relating to capital investment; appropriating money for a regional charitable food
facility in Anoka County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ANOKA COUNTY; REGIONAL CHARITABLE FOOD FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $18,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to Anoka
County to predesign, design, purchase land for, construct, furnish, and equip a regional
charitable food warehouse, distribution, and office facility in the city of Fridley. The county
may enter into lease or management agreements under Minnesota Statutes, section 16A.695,
for operation of the facility. This appropriation is not available until the commissioner
determines that an equal amount has been committed to the project from nonstate sources.
Amounts expended for this project by nonstate sources since June 1, 2016, shall count
toward the nonstate match.
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 $18,000,000 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