SF 297

as introduced - 88th Legislature (2013 - 2014) Posted on 02/08/2013 08:51am

A bill for an act
relating to capital investment; appropriating money for replacement of schools
damaged by flooding in Rushford and Moose Lake; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin FLOOD DAMAGED SCHOOLS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $40,000,000 is appropriated from the bond
proceeds fund to the commissioner of education.
new text end

new text begin (b) $20,000,000 is for a grant to Independent School District No. 239,
Rushford-Peterson, to predesign, design, construct, furnish, and equip a single
prekindergarten through grade 12 school facility in the city of Rushford, to replace school
facilities severely damaged by flooding on August 18 and 19, 2007.
new text end

new text begin (c) $20,000,000 is for a grant to Independent School District No. 97, Moose Lake,
to predesign, design, construct, furnish, and equip a single prekindergarten though grade
12 school facility in the city of Moose Lake, to replace school district facilities severely
damaged by flooding on June 21, 2012.
new text end

new text begin (d) Buildings and land acquired, improved, or constructed with this appropriation
may not be located within a floodplain, as defined in Minnesota Statues, section 103F.111,
subdivision 4.
new text end

new text begin (e) Notwithstanding Minnesota Statutes, section 16A.86, or any law to the contrary,
this appropriation does not require a local 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 $40,000,000 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