SF 2321

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to state assumption of debt associated with 
  1.3             the Brooklyn Center Earle Brown Heritage Center; 
  1.4             appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [BROOKLYN CENTER EARLE BROWN HERITAGE CENTER.] 
  1.7      $5,042,463 is appropriated from the bond proceeds fund to 
  1.8   provide for the payment of principal and interest on the 1991 
  1.9   Series A bonds issued for restoration of the Earle Brown 
  1.10  Heritage Center. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in this act from the bond 
  1.13  proceeds fund, the commissioner of finance, on request of the 
  1.14  governor, shall sell and issue bonds of the state in the amount 
  1.15  up to $5,045,000 in the manner, upon the terms, and with the 
  1.16  effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.17  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.18  4 to 7. 
  1.19     Sec. 3.  [EFFECTIVE DATE.] 
  1.20     This act is effective the day following final enactment.