Bill Text: MN SF579 | 2013-2014 | 88th Legislature | Introduced

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Bill Title: Red Wing Sheldon theatre renovation grant bond issue and appropriation

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2013-02-18 - Referred to Finance [SF579 Detail]

Download: Minnesota-2013-SF579-Introduced.html

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A bill for an act

relating to capital improvements; appropriating money for the Sheldon Theatre
in Red Wing; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

    Section 1. RED WING; SHELDON THEATRE.
    Subdivision 1. Appropriation. $685,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Red Wing to design, construct, furnish, and equip the renovation of the Sheldon Theatre.
    Subd. 2. Bond sale. To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $685,000 in the manner, upon the terms, and with
the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.
EFFECTIVE DATE.This section is effective the day following final enactment.