HF 2794

as introduced - 92nd Legislature (2021 - 2022) Posted on 01/31/2022 10:46am

A bill for an act
relating to capital investment; appropriating money for the Dassel-Cokato school
district community recreation facility; authorizing the sale and issuance of state
bonds.

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

Section 1. DASSEL-COKATO SCHOOL DISTRICT; COMMUNITY RECREATION
FACILITY.

Subdivision 1.

Appropriation.

$5,000,000 is appropriated from the bond proceeds fund
to the commissioner of education for a grant to Independent School District No. 466,
Dassel-Cokato, to construct, equip, and furnish the community recreation facility. This
appropriation includes money for a walking track, field house, ice rink, gymnastics facility,
and community center.

Subd. 2.

Bond sale.

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 $5,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.