HF 2754

as introduced - 87th Legislature (2011 - 2012) Posted on 03/26/2012 03:26pm

A bill for an act
relating to capital investment; appropriating money for repair and restoration
improvements of the State Capitol; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin STATE CAPITOL RESTORATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $221,000,000 is appropriated from the bond
proceeds fund to the commissioner of administration to design the repair and restoration
of the State Capitol building, including preparation of design guidelines and a historic
structures report, to conduct hazardous materials abatement, and to restore and improve the
Capitol building. The work is limited to that necessary to restoring building integrity and
structural soundness. This appropriation must not be used for furnishings or equipment
unrelated to structural integrity and soundness. Minnesota Statutes, section 16B.35, does
not apply to this section. Construction work must be sequenced so that the House and
Senate chambers are inaccessible during no more than one even-numbered year session.
new text end

new text begin This appropriation is available in the following amounts: $60,000,000 in each
fiscal year 2013 to 2015 and $41,000,000 in fiscal year 2016. The appropriation in this
subdivision cancels as specified under Minnesota Statutes, section 16A.642, except that
the commissioner of management and budget shall count the start of authorization for
issuance of state bonds as the first day of the fiscal year during which the amount of the
appropriation as specified in this paragraph and not as the date of enactment of this section.
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 $221,000,000 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