Bill Text: MN SF585 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Greater Minnesota business development public infrastructure grant program bond issue and appropriation
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2011-03-03 - Referred to Capital Investment [SF585 Detail]
Download: Minnesota-2011-SF585-Introduced.html
1.2relating to capital investment; appropriating money for the greater Minnesota
1.3business development public infrastructure grant program; authorizing the sale
1.4and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. GREATER MINNESOTA BUSINESS DEVELOPMENT PUBLIC
1.7INFRASTRUCTURE GRANT PROGRAM.
1.8 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.9fund to the commissioner of employment and economic development for the greater
1.10Minnesota business development public infrastructure grant program under section
1.11116J.431.
1.12 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.13bond proceeds fund, the commissioner of management and budget shall sell and issue
1.14bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.15the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.16Minnesota Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.
1.3business development public infrastructure grant program; authorizing the sale
1.4and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. GREATER MINNESOTA BUSINESS DEVELOPMENT PUBLIC
1.7INFRASTRUCTURE GRANT PROGRAM.
1.8 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.9fund to the commissioner of employment and economic development for the greater
1.10Minnesota business development public infrastructure grant program under section
1.11116J.431.
1.12 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.13bond proceeds fund, the commissioner of management and budget shall sell and issue
1.14bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.15the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.16Minnesota Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.
