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SF 4328

as introduced - 91st Legislature (2019 - 2020) Posted on 03/17/2020 12:10pm

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 the Wakan Tipi Center in
St. Paul; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginST. PAUL; WAKAN TIPI CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund
to the Metropolitan Council for a grant to the city of St. Paul for the Wakan Tipi Center
project. The city may enter into a lease or management agreement under Minnesota Statutes,
section 16A.695. This appropriation is added to the appropriation for the Nature Sanctuary
Visitor Center in Laws 2018, chapter 214, article 1, section 17, subdivision 6, and is for the
same purposes. This appropriation is not available until the commissioner of management
and budget determines that an amount has been committed from nonstate sources to complete
the project. The total project cost is estimated to be $6,700,000.
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 $1,000,000 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