as introduced - 90th Legislature (2017 - 2018) Posted on 01/31/2017 09:27am
A bill for an act
relating to capital investment; appropriating money for the River Town Renaissance
project in Red Wing; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$4,563,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Red Wing to complete removal and replacement of 250 linear feet of the harbor retaining
wall; to design, construct, furnish, and equip the renovation of the historic T.B. Sheldon
Performing Arts Theater; and to design and construct transient riverboat docking facilities,
levee wall extension, and levee promenade improvements at Levee Park.
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 $4,563,000 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
This section is effective the day following final enactment.
new text end