Bill Text: MN HF604 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Target Center renovation funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2011-02-17 - Introduction and first reading, referred to Jobs and Economic Development Finance [HF604 Detail]
Download: Minnesota-2011-HF604-Introduced.html
1.2relating to capital investment; appropriating money for renovation of the Target
1.3Center; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TARGET CENTER RENOVATION.
1.6 Subdivision 1. Appropriation. $8,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of Minneapolis to construct capital improvements at the Target Center. This appropriation
1.9is not available until the commissioner of management and budget has determined that at
1.10least an equal amount has been committed to the project from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $8,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Center; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TARGET CENTER RENOVATION.
1.6 Subdivision 1. Appropriation. $8,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of Minneapolis to construct capital improvements at the Target Center. This appropriation
1.9is not available until the commissioner of management and budget has determined that at
1.10least an equal amount has been committed to the project from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $8,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
