1997 Minnesota Statutes

     124.478 Bond issue; maximum effort loans; 1990. 

    To provide money to be loaned to school districts as 
 agencies and political subdivisions of the state to acquire and 
 to better public land and buildings and other public 
 improvements of a capital nature, in the manner provided by the 
 maximum effort school aid law, the commissioner of finance shall 
 issue and sell school loan bonds of the state of Minnesota in 
 the maximum amount of $23,000,000, in addition to the bonds 
 already authorized for this purpose.  The bonds must be issued 
 and sold and provision for their payment must be made according 
 to section 124.46.  Expenses incidental to the sale, printing, 
 execution, and delivery of the bonds, including, but without 
 limitation, actual and necessary travel and subsistence expenses 
 of state officers and employees for those purposes, must be paid 
 from the maximum effort school loan fund, and the money 
 necessary for the expenses is appropriated from that fund. 

    HIST: 1990 c 610 art 1 s 45; 1992 c 499 art 5 s 35