Bill Text: MN SF2223 | 2013-2014 | 88th Legislature | Introduced
Bill Title: St. Paul Palace theater renovation grant bond issue and appropriation
Sponsorship: Partisan Bill (Democrat 4)
Status: (Introduced - Dead) 2014-03-03 - Referred to Finance [SF2223 Detail]
Download: Minnesota-2013-SF2223-Introduced.html
1.2relating to capital improvements; appropriating money to renovate the Palace
1.3Theater in St. Paul; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PALACE THEATER.
1.6 Subdivision 1. Appropriation. $6,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of St. Paul to design, construct, furnish, and equip the renovation of the Palace Theater.
1.9This appropriation is not available until the commissioner of management and budget
1.10determines that at least an equal amount has been committed from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 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 $6,000,000 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.
1.3Theater in St. Paul; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PALACE THEATER.
1.6 Subdivision 1. Appropriation. $6,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of St. Paul to design, construct, furnish, and equip the renovation of the Palace Theater.
1.9This appropriation is not available until the commissioner of management and budget
1.10determines that at least an equal amount has been committed from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 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 $6,000,000 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.
