SF 3126

as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2018 09:16am

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

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

Section 1. new text begin YELLOW MEDICINE COUNTY; CLARKFIELD SCHOOL PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $709,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to Yellow
Medicine County for separation, demolition, and removal of portions of the Clarkfield
school building for the purpose of removing blighted and unsafe structures on the property
and facilitating the future redevelopment and reuse of the site and remaining portion of the
building as a community center. This appropriation includes money for removal and disposal
of debris, site remediation and hazardous materials abatement, and capital improvements
necessary for preserving building envelope integrity of the building portion to be renovated
and reused. This appropriation is available when the commissioner of management and
budget determines that sufficient resources have been committed to complete the project,
as required by Minnesota Statutes, section 16A.502.
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 $709,000 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