SF 2921

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

A bill for an act
relating to capital improvements; providing for a cooperative facility grant
to Independent School District No. 239, Rushford-Peterson; waiving certain
timelines; authorizing the sale and issuance of state bonds; appropriating money.

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

Section 1. new text begin COOPERATIVE FACILITY GRANT, RUSHFORD-PETERSON.
new text end

new text begin Notwithstanding the procedural timelines in Minnesota Statutes, sections 123A.44
to 123A.446, $20,000,000 is appropriated from the state bond proceeds fund for a
cooperative facility grant to Independent School District No. 239, Rushford-Peterson,
as provided in Minnesota Statutes, sections 123A.44 to 123A.446, to design, construct,
renovate, furnish, and equip school facilities for the Rushford-Peterson school district.
new text end

Sec. 2. new text begin BOND 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
$20,000,000 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 begin EFFECTIVE DATE.
new text end

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