SF 2875

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; appropriating money 
  1.3             for a warehouse for the Seaway Port Authority of 
  1.4             Duluth; authorizing state bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [SEAWAY PORT AUTHORITY WAREHOUSE.] 
  1.7      $4,900,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of trade and economic development for a grant 
  1.9   to the Seaway Port Authority of Duluth for a warehouse at the 
  1.10  authority's public marine terminal in Duluth. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in this act from the bond 
  1.13  proceeds fund, the commissioner of finance, on request of the 
  1.14  governor, shall sell and issue bonds of the state in an amount 
  1.15  up to $4,900,000 in the manner, upon the terms, and with the 
  1.16  effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.17  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.18  4 to 7. 
  1.19     Sec. 3.  [EFFECTIVE DATE.] 
  1.20     This act is effective the day following its final enactment.