Bill Text: MN SF2030 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Cottage Grove business incubator bond issue and appropriation
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-02-23 - Referred to Capital Investment [SF2030 Detail]
Download: Minnesota-2011-SF2030-Introduced.html
1.2relating to capital investment; appropriating money for a grant to the city of
1.3Cottage Grove to convert the former city hall to a business incubator; authorizing
1.4the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. COTTAGE GROVE BUSINESS INCUBATOR.
1.7 Subdivision 1. Appropriation. $50,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the
1.9city of Cottage Grove to convert the former city hall building into a business incubator.
1.10 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.11bond proceeds fund, the commissioner of management and budget shall sell and issue
1.12bonds of the state in an amount up to $50,000 in the manner, upon the terms, and with
1.13the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.14Minnesota Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Cottage Grove to convert the former city hall to a business incubator; authorizing
1.4the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. COTTAGE GROVE BUSINESS INCUBATOR.
1.7 Subdivision 1. Appropriation. $50,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the
1.9city of Cottage Grove to convert the former city hall building into a business incubator.
1.10 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.11bond proceeds fund, the commissioner of management and budget shall sell and issue
1.12bonds of the state in an amount up to $50,000 in the manner, upon the terms, and with
1.13the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.14Minnesota Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE.This section is effective the day following final enactment.
