language to be deleted (2) new language
Laws of Minnesota 1991 CHAPTER 98-H.F.No. 1151 An act relating to local government; exempting certain St. Paul port authority activities from competitive bidding requirements; validating the sale of certain school building bonds; amending Minnesota Statutes 1990, section 469.084, by adding a subdivision. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1990, section 469.084, is amended by adding a subdivision to read: Subd. 15. [BID LAW EXEMPTION.] If the port authority receives real property through termination of a revenue agreement, as defined in section 469.153, subdivision 10, or as the result of refinancing and contracts with a corporation to operate the property, the corporation may sell, purchase, or rent supplies, materials, or equipment, or construct, alter, expand, repair, or maintain the real property without regard to section 471.345. Sec. 2. [GENERAL OBLIGATION BONDS.] The sale of general obligation school building bonds, under the authority of Laws 1990, chapter 604, article 8, section 10, and pursuant to a resolution of the governing body of independent school district No. 625 adopted by a two-thirds majority vote on April 16, 1991, is valid. Sec. 3. [EFFECTIVE DATE.] Section 1 is effective the day following final enactment. Section 2 is effective on the day after compliance with Minnesota Statutes, section 645.021, subdivision 3, by the governing body of independent school district No. 625. Presented to the governor May 14, 1991 Signed by the governor May 17, 1991, 11:24 a.m.