SF 1463

as introduced - 87th Legislature (2011 - 2012) Posted on 05/08/2012 08:49am

A bill for an act
relating to capital investment; appropriating money for renovation of the
Minnesota Telecenter Building in St. Paul; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin ST. PAUL; MINNESOTA TELECENTER BUILDING RENOVATION.
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 employment and economic development for a grant to the city of
St. Paul to construct and renovate the Minnesota Telecenter Building in downtown St.
Paul. This appropriation is not available until at least an equal amount is committed to
the project from nonstate sources.
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