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SF 3237

as introduced - 89th Legislature (2015 - 2016) Posted on 03/25/2016 10:19am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for phase I of the city of
Jackson's Memorial Park redevelopment; 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 JACKSON; MEMORIAL PARK REDEVELOPMENT
PHASE I.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $289,915 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Jackson to complete phase I of the redevelopment of Memorial Park, including trails,
landscaping, a canoe launch, and other amenities. This appropriation is not available until
the commissioner of management and budget determines that at least an equal amount is
committed to the project from nonstate sources.
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 $289,915 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