SF 2501

as introduced - 90th Legislature (2017 - 2018) Posted on 02/21/2018 08:57am

A bill for an act
relating to capital investment; appropriating money for the Goodhue County
Historical Society's Museum in the city of Red Wing; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin GOODHUE COUNTY HISTORICAL SOCIETY MUSEUM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $616,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Red Wing for replacement of the Goodhue County Historical Society Museum building's
HVAC system, roofing, and windows, and for renovation of the building's storefront entrance.
This appropriation is available when the commissioner of management and budget determines
that an amount sufficient to complete the project has been committed 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 $616,000 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