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Minnesota Legislature

Office of the Revisor of Statutes

SF 2119

as introduced - 91st Legislature (2019 - 2020) Posted on 03/07/2019 04:51pm

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 an outdoor performance
venue at the Upper Harbor Terminal in Minneapolis; authorizing the sale and
issuance of state bonds.

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

Section 1. new text beginMINNEAPOLIS; OUTDOOR PERFORMANCE VENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Minneapolis to predesign and design an outdoor performance venue at the site of the Upper
Harbor Terminal along the Mississippi River in Minneapolis. This appropriation is not
available until the commissioner of management and budget determines that $2,000,000
has been committed from nonstate sources to complete the project. Expenditures made
toward predesign and design after April 28, 2017, shall count toward the commitment of
nonstate funds.
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 $2,000,000 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