SF 1612

as introduced - 89th Legislature (2015 - 2016) Posted on 03/12/2015 09:04am

A bill for an act
relating to capital investment; appropriating money for the Arrowhead Regional
Health and Wellness Center in Hermantown; authorizing the sale and issuance of
state bonds.

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

Section 1. ARROWHEAD REGIONAL HEALTH AND WELLNESS CENTER.

Subdivision 1.

Appropriation.

$8,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Hermantown to prepare the middle school site on the Hermantown School District
campus, including demolition of a portion of the middle school, and to design, construct a
new addition to the middle school building and renovate the remaining existing building,
furnish, and equip the facility as the Arrowhead Regional Health and Wellness Center.
The city may enter into a lease management agreement under Minnesota Statutes, section
16A.695, for operation of the center. This appropriation is not available until at least an
equal amount is committed to the project from nonstate sources.

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 $8,000,000 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.