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SF 2927

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2020 03:09pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
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1.18

A bill for an act
relating to capital investment; appropriating money for demolition of the Morton
school building; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginCITY OF MORTON; SCHOOL BUILDING DEMOLITION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $350,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Morton for separation, demolition, and removal of the Morton school building from the
gymnasium and shop area building, to remove blighted conditions and facilitate the
redevelopment and reuse of the site. This appropriation includes money for removal and
disposal of debris, site remediation and hazardous materials abatement, and restoration and
waterproofing of the exposed interior wall.
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 $350,000 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