as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money for the Southern Minnesota Educational Campus.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$528,000 is appropriated from the bond proceeds fund to the commissioner of
education for a grant to the city of Fairmont for the Southern Minnesota Educational
Campus for improvements to building energy and lighting systems, parking facilities, and
to construct and equip a dedicated fiber optic cable system.
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The appropriation is not available until the commissioner determines that an equal
amount has been invested in the project from nonstate sources.
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To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to
$528,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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