Bill Text: MN HF534 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Inver Grove Heights capital improvement funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-02-17 - Introduction and first reading, referred to Jobs and Economic Development Finance [HF534 Detail]
Download: Minnesota-2011-HF534-Introduced.html
1.2relating to capital improvements; appropriating money for capital improvements
1.3in the city of Inver Grove Heights; authorizing the issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. APPROPRIATION.
1.6$240,000 is appropriated from the bond proceeds fund to the commissioner of
1.7employment and economic development for a grant to the city of Inver Grove Heights for
1.8rehabilitation and capital improvements to city-owned historical buildings that may be
1.9relocated within the regional Heritage Park and Trail District, and to meet life safety and
1.10building code requirements. This appropriation is not available until the commissioner
1.11determines that funds sufficient to complete the project are committed to the project from
1.12nonstate sources, including in-kind contributions.
1.13 Sec. 2. BOND AUTHORIZATION.
1.14To provide the money appropriated in this act from the bond proceeds fund, the
1.15commissioner of management and budget shall sell and issue bonds of the state in an
1.16amount up to $240,000 in the manner, upon the terms, and with the effect prescribed by
1.17Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
1.18article XI, sections 4 to 7.
1.19 Sec. 3. EFFECTIVE DATE.
1.20This act is effective the day following final enactment.
1.3in the city of Inver Grove Heights; authorizing the issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. APPROPRIATION.
1.6$240,000 is appropriated from the bond proceeds fund to the commissioner of
1.7employment and economic development for a grant to the city of Inver Grove Heights for
1.8rehabilitation and capital improvements to city-owned historical buildings that may be
1.9relocated within the regional Heritage Park and Trail District, and to meet life safety and
1.10building code requirements. This appropriation is not available until the commissioner
1.11determines that funds sufficient to complete the project are committed to the project from
1.12nonstate sources, including in-kind contributions.
1.13 Sec. 2. BOND AUTHORIZATION.
1.14To provide the money appropriated in this act from the bond proceeds fund, the
1.15commissioner of management and budget shall sell and issue bonds of the state in an
1.16amount up to $240,000 in the manner, upon the terms, and with the effect prescribed by
1.17Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
1.18article XI, sections 4 to 7.
1.19 Sec. 3. EFFECTIVE DATE.
1.20This act is effective the day following final enactment.
