Bill Text: MN SF2033 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Ramsey county Twin Cities army ammunition plant (TCAAP) redevelopment grant bond issue and appropriation
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2014-02-27 - Referred to Finance [SF2033 Detail]
Download: Minnesota-2013-SF2033-Introduced.html
1.2relating to capital investment; appropriating money for the Twin Cities Army
1.3Ammunition Plant redevelopment; authorizing the sale and issuance of state
1.4bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TWIN CITIES ARMY AMMUNITION PLANT REDEVELOPMENT.
1.7 Subdivision 1. Appropriation. $35,500,000 is appropriated from the bond proceeds
1.8fund to the commissioner of transportation for a grant to Ramsey County to predesign,
1.9design, and construct improvements of a capital nature to rights-of-way owned by the state
1.10Department of Transportation and Ramsey County adjacent to the site of the former Twin
1.11Cities Army Ammunition Plant in Ramsey County for the purposes of redevelopment
1.12of the site.
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 $35,500,000 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.
1.3Ammunition Plant redevelopment; authorizing the sale and issuance of state
1.4bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TWIN CITIES ARMY AMMUNITION PLANT REDEVELOPMENT.
1.7 Subdivision 1. Appropriation. $35,500,000 is appropriated from the bond proceeds
1.8fund to the commissioner of transportation for a grant to Ramsey County to predesign,
1.9design, and construct improvements of a capital nature to rights-of-way owned by the state
1.10Department of Transportation and Ramsey County adjacent to the site of the former Twin
1.11Cities Army Ammunition Plant in Ramsey County for the purposes of redevelopment
1.12of the site.
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 $35,500,000 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.
