SF 2395

as introduced - 90th Legislature (2017 - 2018) Posted on 05/17/2017 08:40am

A bill for an act
relating to capital investment; appropriating money for a recovery, career training,
and employment center in Hennepin County; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin HENNEPIN COUNTY; REGIONAL EMPLOYMENT CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to Hennepin
County to predesign, design, construct, renovate, furnish, and equip a regional recovery,
career training, and employment center in the city of Minneapolis, subject to Minnesota
Statutes, section 16A.695. This appropriation is not available until the commissioner of
management and budget determines that at least an equal amount has been committed to
the project from nonstate sources. The value of the land purchased or acquired by the county
after January 1, 2015, for this facility shall count toward the nonstate match.
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 $10,000,000 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