SF 1611

as introduced - 88th Legislature (2013 - 2014) Posted on 04/18/2013 08:29am

A bill for an act
relating to capital investment; appropriating money for county fairs; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA COUNTY FAIRS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds
fund to the commissioner of agriculture for grants to county and district agricultural
societies and associations for acquisition of real property, construction of buildings,
repairs, and asset preservation, subject to Minnesota Statutes, section 16A.695. This
appropriation, for distribution under Minnesota Statutes, section 38.02, is for the purposes
of improving facilities for county fair exhibitions and operations, including, but not limited
to, agricultural education centers, art and cultural buildings, and performance stages.
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 $1,000,000 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