Bill Text: MN SF2566 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Mayo Civic Center expansion grant bond issue and appropriation
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2012-03-27 - Referred to Capital Investment [SF2566 Detail]
Download: Minnesota-2011-SF2566-Introduced.html
1.2relating to capital investment; appropriating money for Mayo Civic Center
1.3Expansion; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MAYO CIVIC CENTER EXPANSION.
1.6 Subdivision 1. Appropriation. $35,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Rochester to construct, furnish, and equip an addition of approximately 188,000
1.9square feet and the renovation of approximately 31,000 square feet of existing space at
1.10the Mayo Civic Center.
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 $35,000,000 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.
1.3Expansion; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MAYO CIVIC CENTER EXPANSION.
1.6 Subdivision 1. Appropriation. $35,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Rochester to construct, furnish, and equip an addition of approximately 188,000
1.9square feet and the renovation of approximately 31,000 square feet of existing space at
1.10the Mayo Civic Center.
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 $35,000,000 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.
