SF 240

as introduced - 90th Legislature (2017 - 2018) Posted on 01/20/2017 08:53am

A bill for an act
relating to capital investment; appropriating money for the Arrowhead Regional
Health and Wellness Center in Hermantown; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin ARROWHEAD REGIONAL HEALTH AND WELLNESS CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Hermantown to prepare the middle school site on the Hermantown School District campus,
including demolition of a portion of the middle school, and to design, construct a new
addition to the middle school building and renovate the remaining existing building, furnish,
and equip the facility as the Arrowhead Regional Health and Wellness Center. The city may
enter into a lease management agreement under Minnesota Statutes, section 16A.695, for
operation of the center. This appropriation is not available until at least an equal amount is
committed to 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 $8,000,000 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