as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money for an ice arena in Big
Lake; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$500,000 is appropriated from the bond proceeds fund to the Minnesota Amateur
Sports Commission for a grant to the Becker Big Lake Ice Association to design,
construct, furnish, and equip an ice arena in the city of Big Lake, subject to Minnesota
Statutes, section 16A.695.
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The appropriation is not available until the commissioner determines that $2,500,000
has been committed to the project from nonstate sources.
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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
$500,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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