as introduced - 89th Legislature (2015 - 2016) Posted on 04/14/2015 08:30am
A bill for an act
relating to capital improvements; appropriating money for the Sheldon Theatre
in Red Wing; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$1,362,155 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Red Wing to design, construct, furnish, and equip the renovation of the Sheldon Theatre.
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 $1,362,155 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
This section is effective the day following final enactment.
new text end