SF 1913

as introduced - 89th Legislature (2015 - 2016) Posted on 03/20/2015 09:15am

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

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

Section 1. new text begin CHATFIELD CENTER FOR THE ARTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,985,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Chatfield economic development authority to predesign, design, renovate, construct,
furnish, and equip Phase III of the Chatfield Center for the Arts in the city of Chatfield,
which is generally described as the renovation of the 1916 high school and the installation
of a linking structure and related improvements to serve both the 1936 auditorium building
and the 1916 school building. The renovation shall include interior, exterior, and amenity
improvements within the high school building, improvements to the electrical, plumbing,
and HVAC systems throughout the property, and general improvements to the buildings
and land that is known as the Chatfield Center for the Arts, currently owned by the
economic development authority. Money, land and buildings, and in-kind contributions
provided to the center before the enactment of this section are considered to be sufficient
local match, and no further local match is required.
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 $7,985,000 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