as introduced - 88th Legislature (2013 - 2014) Posted on 02/26/2014 09:46am
A bill for an act
relating to capital investment; appropriating money for a grant to the city of
Worthington for the Biotechnology Advancement Center; authorizing the sale
and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$398,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Worthington to complete construction of and to furnish and equip space in the
Biotechnology Advancement Center to accommodate approximately four biotechnology
laboratory stations.
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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 $398,000 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.
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This section is effective the day following final enactment.
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