SF 1666

as introduced - 87th Legislature (2011 - 2012) Posted on 03/29/2012 08:48am

A bill for an act
relating to capital investment; appropriating money for Northeast Metro 916
Intermediate School District for a new facility; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin NORTHEAST METRO 916 INTERMEDIATE SCHOOL DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,000,000 is appropriated from the bond proceeds
fund to the commissioner of education for a grant to Northeast Metro 916 Intermediate
School District to predesign, design, construct, furnish, and equip a regional K-8 school
facility to serve federal setting Level IV special education students. This appropriation is
not available until the commissioner determines that at least an equal amount is committed
to the project from nonstate sources.
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 $7,000,000 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