SF 2736

as introduced - 90th Legislature (2017 - 2018) Posted on 02/27/2018 09:26am

A bill for an act
relating to capital investment; appropriating money for the Grand Rapids Armory;
authorizing the sale and issuance of state bonds.

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

Section 1. GRAND RAPIDS ARMORY.

Subdivision 1.

Appropriation.

$2,126,000 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 Grand Rapids.

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 $2,126,000 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.

Subd. 3.

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 statewide asset preservation under Minnesota Statutes, section
16B.307. Minnesota Statutes, section 16A.642, applies from the date of the original
appropriation to the unspent amount transferred.

EFFECTIVE DATE.

This section is effective the day following final enactment.