SF 131

as introduced - 90th Legislature (2017 - 2018) Posted on 01/18/2017 08:35am

A bill for an act
relating to capital investment; appropriating money to renovate the Miner's
Memorial Building; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINER'S MEMORIAL BUILDING RENOVATION; PHASE I;
VIRGINIA.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Virginia for phase I of the renovation and reconstruction of the Miner's Memorial Building
in Virginia. This appropriation is not available until the commissioner of management and
budget determines an amount has been committed to complete the project from nonstate
sources.
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 $12,000,000 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