SF 2690

as introduced - 91st Legislature (2019 - 2020) Posted on 03/27/2019 08:44am

A bill for an act
relating to capital investment; appropriating money to repurpose the Twin Valley
Living Center for a veterans home; 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 HOME; TWIN VALLEY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds fund to
the commissioner of administration for a grant to the city of Twin Valley to acquire the
Twin Valley Living Center and to predesign, design, construct, furnish, and equip a
renovation of the Twin Valley Living Center to be used for a veterans home. This
appropriation is not available until the commissioner of management and budget determines
that an equal amount has been committed from nonstate sources to complete the project.
new text end

new text begin Subd. 2. new text end

new text begin Veterans home established. new text end

new text begin (a) The commissioner of veterans affairs may
apply for federal funding and establish a veterans home with up to 72 beds available to
provide a continuum of care, including skilled nursing care, for eligible veterans and their
spouses.
new text end

new text begin (b) The state shall provide the necessary operating costs for the veterans home in excess
of any revenue and federal funding for the home that may be required to continue the
operation of the home and to care for Minnesota veterans.
new text end

new text begin Subd. 3. new text end

new text begin Nonstate contribution. new text end

new text begin The commissioner of administration may accept
contributions of land or money from private individuals, businesses, local governments,
veterans service organizations, and other nonstate sources for the purpose of providing
matching funding when soliciting federal funding for the development of the homes
authorized by this section.
new text end

new text begin Subd. 4. 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 $....... 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