HF 3067

as introduced - 90th Legislature (2017 - 2018) Posted on 03/19/2018 04:44pm

A bill for an act
relating to capital investment; appropriating money for improvements to the Fergus
Falls armory; authorizing the sale and issuance of state bonds.

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

Section 1. FERGUS FALLS ARMORY.

Subdivision 1.

Appropriation.

$2,195,000 is appropriated from the bond proceeds fund
to the adjutant general to design, construct, renovate, furnish, and equip capital improvements
to the National Guard Readiness Center in Fergus Falls.

Subd. 2.

Unspent appropriations.

The unspent portion of an appropriation for a project
in this section that is complete, upon written notice to the commissioner of management
and budget, is available for asset preservation improvements and betterments of a capital
nature at military affairs facilities statewide under Minnesota Statutes, section 16B.307.
Minnesota Statutes, section 16A.642, applies from the date of the original appropriation to
the unspent amount transferred.

Subd. 3.

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 $2,195,000 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.