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SF 2424

as introduced - 90th Legislature (2017 - 2018) Posted on 05/22/2017 10:17am

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

Current Version - as introduced

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1.18

A bill for an act
relating to capital investment; appropriating money for redevelopment of the former
Fergus Falls Regional Treatment Center; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin FERGUS FALLS REGIONAL TREATMENT CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds fund to
the commissioner of economic development for a grant to the city of Fergus Falls for site
preparation, demolition and deconstruction of buildings and other structures deemed
unnecessary or undesirable for redevelopment or renovation, and to design, construct,
furnish, equip, and renovate buildings, land, and infrastructure on the former regional
treatment center campus for public use, redevelopment, and historic preservation purposes.
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 $....... 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