SF 3806

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 10:59am

A bill for an act
relating to capital investment; appropriating money for electrical improvements
at the Steele County Fairgrounds; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ELECTRICAL IMPROVEMENTS; STEELE COUNTY FAIRGROUNDS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $750,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to Steele County
to construct underground electrical infrastructure at the Steele County Fairgrounds. This
appropriation does not require a nonstate match.
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 $750,000 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