SF 1901

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for the 
  1.4             Colin Powell Youth Center in Hennepin County; 
  1.5             providing for construction of the Colin Powell Youth 
  1.6             Center. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  [APPROPRIATION; COLIN POWELL YOUTH CENTER.] 
  1.9      $6,350,000 is appropriated to the Department of 
  1.10  Administration for a grant to Hennepin County to predesign, 
  1.11  design, construct, furnish, and equip the Colin Powell Youth 
  1.12  Center to be located in Hennepin County and to provide a 
  1.13  facility for educational, job training, counseling, and other 
  1.14  supportive services to disadvantaged youth.  Hennepin County 
  1.15  shall contract for the operation of this facility and program, 
  1.16  pursuant to Minnesota Statutes, section 16A.695.  This 
  1.17  appropriation shall be contingent on the nonprofit operator (1) 
  1.18  transferring ownership of the site for the facility to Hennepin 
  1.19  County at no charge, and (2) Hennepin County determining that 
  1.20  matching funds, in addition to the value of the land, of not 
  1.21  less than $6,350,000, which may include loans, have been secured 
  1.22  from nonstate sources, and are sufficient to complete a 
  1.23  functional facility.  Funds secured prior to the date of 
  1.24  enactment are eligible to count toward the required commitment 
  1.25  of nonstate sources, provided they are used for qualified 
  1.26  capital expenditures.  "Nonstate sources," for purposes of this 
  2.1   section, means a source other than a direct state appropriation 
  2.2   for construction of this facility. 
  2.3      Sec. 2.  [BOND SALE.] 
  2.4      To provide the money appropriated in this act from the bond 
  2.5   proceeds fund, the commissioner of finance shall sell and issue 
  2.6   bonds of the state in an amount up to $6,350,000 in the manner, 
  2.7   upon the terms, and with the effect prescribed by Minnesota 
  2.8   Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  2.9   Constitution, article XI, sections 4 to 7. 
  2.10     Sec. 3.  [EFFECTIVE DATE.] 
  2.11     Sections 1 and 2 are effective the day after their final 
  2.12  enactment.