SF 2074

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 investment; appropriating money 
  1.3             for a hockey arena at Bemidji State University; 
  1.4             authorizing the issuance of state general obligation 
  1.5             bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION; AMATEUR SPORTS COMMISSION; 
  1.8   BEMIDJI STATE UNIVERSITY HOCKEY ARENA.] 
  1.9      $18,000,000 is appropriated from the bond proceeds fund to 
  1.10  the Minnesota Amateur Sports Commission to design, construct, 
  1.11  furnish, and equip a hockey arena on the campus of Bemidji State 
  1.12  University.  The appropriation is not available until the 
  1.13  commissioner of finance determines that an agreement has been 
  1.14  executed between the Minnesota Amateur Sports Commission and the 
  1.15  Board of Trustees permitting the commission to build the arena 
  1.16  on the campus and detailing the rights and responsibilities of 
  1.17  the commission and the Board of Trustees for this project. 
  1.18     Sec. 2.  [BOND SALE.] 
  1.19     To provide the money appropriated in section 1 from the 
  1.20  bond proceeds fund, the commissioner of finance shall sell and 
  1.21  issue bonds of the state in an amount up to $18,000,000 in the 
  1.22  manner, on the terms, and with the effect prescribed by 
  1.23  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.24  Minnesota Constitution, article XI, sections 4 to 7. 
  1.25     Sec. 3.  [EFFECTIVE DATE.] 
  2.1      Sections 1 and 2 are effective the day following final 
  2.2   enactment.