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SF 2907

as introduced - 89th Legislature (2015 - 2016) Posted on 03/18/2016 11:14am

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 1.18 1.19 1.20 1.21 1.22 1.23 1.24
2.1

A bill for an act
relating to capital investment; appropriating money for infrastructure in Ely
to support a business park; an industrial park; Vermilion Community College;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin INFRASTRUCTURE IMPROVEMENTS; ELY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,004,200 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
the city of Ely to design, construct, and equip infrastructure improvements along 17th
Avenue East in the city of Ely. This appropriation may be used to pave 17th Avenue
East, to construct sidewalks, and to replace and renovate water and sewer utilities along
17th Avenue East. This appropriation is not available until at least an equal amount is
committed from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation. new text end

new text begin $50,000 is appropriated from the general fund to the Board
of Trustees of the Minnesota State Colleges and Universities for a grant to Vermilion
Community College to remove modular housing on its campus.
new text end

new text begin Subd. 3. new text end

new text begin Appropriation. new text end

new text begin $245,800 is appropriated from the bond proceeds fund
to the Board of Trustees of the Minnesota State Colleges and Universities for a grant to
Vermilion Community College to construct and equip a parking lot on its campus.
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 $1,250,000 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