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SF 1206

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 01:48pm

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

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21
1.22

A bill for an act
relating to capital investment; appropriating money for improvements to the Central
Park facility in the city of Woodbury; authorizing the sale and issuance of state
bonds.

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

Section 1. new text beginWOODBURY; CENTRAL PARK FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for one or more grants
to the city of Woodbury to construct, renovate, furnish, and equip capital improvements to
the Central Park facility. This appropriation includes money for interior, exterior, and
amenity improvements; improvements to the mechanical, electrical, plumbing, building
envelope, parking, and HVAC systems; and other improvements of a capital nature for
energy efficiency, health, safety, and Americans with Disabilities Act compliance. This
appropriation is available after the commissioner of management and budget determines
that an amount sufficient to complete the project has been committed to the project, as
required by Minnesota Statutes, section 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 section 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $15,000,000 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