SF 3708

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/15/2024 03:43pm

A bill for an act
relating to capital investment; appropriating money for public housing safety
improvements in the city of Hopkins; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin HOPKINS HOUSING AND REDEVELOPMENT AUTHORITY; PUBLIC
HOUSING SAFETY IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $455,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the Hopkins
Housing and Redevelopment Authority to design, construct, and equip the installation of a
fire sprinkler system in Dow Towers, a 76-unit apartment building providing housing for
low-income persons and families in the city of Hopkins.
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 $455,000 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