SF 2706

as introduced - 89th Legislature (2015 - 2016) Posted on 03/30/2016 09:12am

A bill for an act
relating to capital investment; appropriating money for the East Side Freedom
Library; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin EAST SIDE FREEDOM LIBRARY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,400,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of St. Paul to complete the design and to renovate, restore, construct, furnish, and
equip capital improvements to the Carnegie Library formerly known as the Arlington
Hills Public Library. Nonstate contributions to improvements at the library made before
or after the enactment of this subdivision are considered to be a sufficient match, and no
further nonstate match is required.
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 $2,400,000 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