Bill Text: MN SF1666 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Northeast Metro #916 intermediate school district bond issue and appropriation
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2012-03-28 - Author added Marty [SF1666 Detail]
Download: Minnesota-2011-SF1666-Introduced.html
1.2relating to capital investment; appropriating money for Northeast Metro 916
1.3Intermediate School District for a new facility; authorizing the sale and issuance
1.4of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. NORTHEAST METRO 916 INTERMEDIATE SCHOOL DISTRICT.
1.7 Subdivision 1. Appropriation. $7,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of education for a grant to Northeast Metro 916 Intermediate
1.9School District to predesign, design, construct, furnish, and equip a regional K-8 school
1.10facility to serve federal setting Level IV special education students. This appropriation is
1.11not available until the commissioner determines that at least an equal amount is committed
1.12to the project from nonstate sources.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $7,000,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Intermediate School District for a new facility; authorizing the sale and issuance
1.4of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. NORTHEAST METRO 916 INTERMEDIATE SCHOOL DISTRICT.
1.7 Subdivision 1. Appropriation. $7,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of education for a grant to Northeast Metro 916 Intermediate
1.9School District to predesign, design, construct, furnish, and equip a regional K-8 school
1.10facility to serve federal setting Level IV special education students. This appropriation is
1.11not available until the commissioner determines that at least an equal amount is committed
1.12to the project from nonstate sources.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $7,000,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
