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HF 574

as introduced - 88th Legislature (2013 - 2014) Posted on 02/14/2013 01:55pm

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

Bill Text Versions

Engrossments
Introduction Posted on 02/14/2013

Current Version - as introduced

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A bill for an act
relating to capital investment; reauthorizing the appropriation of money for the
Worthington bioscience development project; amending Laws 2005, chapter 20,
article 1, section 23, subdivision 12, as amended.

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

Section 1.

Laws 2005, chapter 20, article 1, section 23, subdivision 12, as amended by
Laws 2006, chapter 171, section 2, Laws 2006, chapter 258, section 50, and Laws 2010,
chapter 189, section 47, is amended to read:


Subd. 12. Bioscience Development
18,500,000

For grants to political subdivisions to
predesign, design, acquire, construct, furnish,
and equip publicly owned infrastructure
required to support bioscience development
in this state.

$2,500,000 is for a grant to the city of
Worthington. new text beginThe $313,947.17 remaining
from this appropriation, which was reported
to the legislature according to Minnesota
Statutes, section 16A.642, subdivision 1,
on January 2, 2013, is reauthorized and
does not cancel under the terms of that
subdivision. The bond sale authorization
and appropriation of bond proceeds for
this project are available until December
31, 2016, and also may be used to design,
construct, furnish, and equip a laboratory
and technology training center on the site
supported by the infrastructure.
new text end

$14,000,000 cumulatively is for grants to the
counties of Ramsey and Anoka for public
improvements to the portion of County Road
J located within each county, and for road and
bridge improvement costs at marked Trunk
Highway 36 and Rice Street in Ramsey
County in support of bioscience business
development. This amount may be used to
repay loans the proceeds of which were used
for the public improvement. The grants to
the individual counties shall be in amounts
proportionate to the individual counties' costs
associated with the public improvements.

$2,000,000 is for bioscience business
development public infrastructure grants
under new Minnesota Statutes, section
116J.435.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end