Bill Text: MN SF784 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Canby theatre bond issue and appropriation
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2013-02-25 - Referred to Finance [SF784 Detail]
Download: Minnesota-2013-SF784-Introduced.html
1.2relating to capital improvements; appropriating money for the Canby Theatre;
1.3authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CANBY THEATRE.
1.6 Subdivision 1. Appropriation. $150,000 is appropriated from the bond proceeds
1.7fund to the Minnesota Historical Society for a grant to the city of Canby to acquire,
1.8design, furnish, and equip the historic Canby Theatre. This appropriation is not available
1.9until the commissioner determines that an equal amount is committed to the project from
1.10nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in section 1 from the bond
1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13the state in an amount up to $150,000 in the manner, upon the terms, and with the effect
1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CANBY THEATRE.
1.6 Subdivision 1. Appropriation. $150,000 is appropriated from the bond proceeds
1.7fund to the Minnesota Historical Society for a grant to the city of Canby to acquire,
1.8design, furnish, and equip the historic Canby Theatre. This appropriation is not available
1.9until the commissioner determines that an equal amount is committed to the project from
1.10nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in section 1 from the bond
1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13the state in an amount up to $150,000 in the manner, upon the terms, and with the effect
1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
