SF 3495

as introduced - 89th Legislature (2015 - 2016) Posted on 04/08/2016 09:01am

A bill for an act
relating to capital investment; appropriating money for capital improvements to
the fire hall in the city of La Salle; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin FIRE HALL IMPROVEMENTS; CITY OF LA SALLE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $70,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of La Salle to replace the roof on the city's fire hall. This appropriation is not available
until at least an equal amount is committed 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 act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $70,000 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