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SF 437

as introduced - 90th Legislature (2017 - 2018) Posted on 01/31/2017 09:03am

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

Current Version - as introduced

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1.15

A bill for an act
relating to capital investment; appropriating money for asset preservation for state
correctional facilities; authorizing the issuance of state bonds.

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

Section 1. new text begin ASSET PRESERVATION; CORRECTIONAL FACILITIES.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $19,000,000 is appropriated from the bond proceeds
fund to the commissioner of administration for asset preservation improvements and
betterments of a capital nature at Minnesota correctional facilities statewide, to be spent in
accordance with Minnesota Statutes, section 16B.307.
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 act from the bond proceeds
fund, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $19,000,000 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