SF 171

as introduced - 90th Legislature (2017 - 2018) Posted on 01/18/2017 09:12am

A bill for an act
relating to capital investment; appropriating money for asset preservation for the
Minnesota Amateur Sports Commission; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin ASSET PRESERVATION; MINNESOTA AMATEUR SPORTS
COMMISSION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds fund
to the Minnesota Amateur Sports Commission for asset preservation improvements and
betterments of a capital nature at the National Sports Center in Blaine, to be spent in
accordance with Minnesota Statutes, section 16B.307, including life safety and health
improvements to the stadium, dorms, parking lot, and main administrative offices.
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 $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.
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