SF 1728

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/04/2021 03:14pm

A bill for an act
relating to capital investment; appropriating money to prepare and develop the
Norman County West High School building site; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin NORMAN COUNTY WEST HIGH SCHOOL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $400,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to Independent
School District No. 2527, Norman County West, to prepare and develop the former Norman
County West High School building site, including demolition of buildings and infrastructure,
to remove life safety hazards, and to facilitate the redevelopment and reuse of the site. This
appropriation does not require a nonstate contribution.
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 $400,000 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