SF 533

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 11:27am

A bill for an act
relating to capital investment; appropriating money for a playwrights center facility;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. PAUL - PLAYWRIGHTS CENTER FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
St. Paul to predesign, design, renovate, construct, furnish, and equip a playwrights center
facility in St. Paul for use as a comprehensive play development program and workshop
facility. This appropriation may be used to acquire property for these purposes. The city of
St. Paul may enter into a lease or management agreement with a nonprofit corporation for
this facility under Minnesota Statutes, section 16A.695.
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 $4,000,000 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