SF 2365

as introduced - 87th Legislature (2011 - 2012) Posted on 03/13/2012 10:55am

A bill for an act
relating to capital investment; appropriating money for the Todd County senior
citizens center; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin TODD COUNTY SENIOR CITIZENS HEALTHY LIVING CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to Todd
County to either acquire land for and to predesign, design, construct, furnish, and equip a
new multipurpose facility, or to acquire an existing building or buildings and predesign,
design, reconstruct, furnish, and equip a multipurpose facility in which to provide senior
citizens services relating to nutrition, healthy living, and community engagement. This
appropriation is not available until at least an equal amount is committed to the project
from nonstate sources.
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 $500,000 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