SF 2203

as introduced - 89th Legislature (2015 - 2016) Posted on 05/17/2015 02:39pm

A bill for an act
relating to capital investment; appropriating money for improvements to the
Veterans Memorial Community Center in Inver Grove Heights; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin INVER GROVE HEIGHTS, VETERANS MEMORIAL COMMUNITY
CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Inver Grove Heights for capital improvements to the Veterans Memorial Community
Center, including improvements to the splash pool.
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 $1,000,000 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