as introduced - 93rd Legislature (2023 - 2024) Posted on 02/08/2023 10:24am
Engrossments | ||
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Introduction | Posted on 02/07/2023 |
A bill for an act
relating to capital investment; appropriating money for asset preservation at the
Lake Superior Zoo; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,500,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Duluth for asset preservation at the Lake Superior Zoo. This appropriation must be used
for capital improvements within the meaning of generally accepted accounting principles
that apply to public expenditures.
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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 $1,500,000 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.
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This section is effective the day following final enactment.
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