SF 1999

as introduced - 90th Legislature (2017 - 2018) Posted on 03/10/2017 09:43am

A bill for an act
relating to capital investment; appropriating money for the RiverCentre Parking
Ramp; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. PAUL; RIVERCENTRE PARKING RAMP.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
St. Paul for predesign and design for a new RiverCentre parking ramp to replace the existing
RiverCentre parking ramp. This appropriation is not available until the commissioner of
management and budget determines that an equal amount has been committed to the project
from nonstate sources. Predesign and design costs paid by the RiverCentre since January
1, 2017, count toward the match requirement.
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 $1,000,000 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