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Minnesota Legislature

Office of the Revisor of Statutes

SF 2571

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9
1.10 1.11 1.12 1.13 1.14 1.15
1.16 1.17

A bill for an act
relating to capital improvements; appropriating money for the Winnebago
Avenue Sports Complex in the city of Fairmont; authorizing the sale and
issuance of state bonds.

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

Section 1. new text beginAPPROPRIATION.
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 the city of Fairmont to design,
construct, furnish, and equip a multifield sports complex in the city of Fairmont.
new text end

Sec. 2. new text beginBOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance 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

Sec. 3. new text beginEFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end