SF 2448

as introduced - 92nd Legislature (2021 - 2022) Posted on 04/21/2021 08:43am

A bill for an act
relating to capital investment; appropriating money for the veterans home in
Preston; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin VETERANS AFFAIRS; PRESTON HOME.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,013,000 is appropriated from the bond proceeds fund
to the commissioner of administration for the veterans home in Preston and is in addition
to the appropriation for the project in Laws 2018, chapter 214, article 1, section 19,
subdivision 3. This appropriation is to construct, furnish, and equip improvements and
betterments of a capital nature for the veterans home facility, including but not limited to
a dedicated access drive for the facility, a maintenance building, an entrance canopy, three
season porches, a transfer garage, a new roofing system, and other exterior and interior
upgrades and improvements.
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 $4,013,000 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