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Minnesota Legislature

Office of the Revisor of Statutes

SF 3108

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15
1.16

A bill for an act
relating to capital improvements; appropriating money for greater Minnesota
redevelopment; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginAPPROPRIATIONS; DEPARTMENT OF EMPLOYMENT AND
ECONOMIC DEVELOPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Redevelopment account. new text end

new text begin $20,000,000 is appropriated from the
bond proceeds fund to the commissioner of employment and economic development for
the purposes of the redevelopment account under Minnesota Statutes, section 116J.571,
for greater Minnesota redevelopment.
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 subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $20,000,000 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