as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money
to renovate the Detroit Lakes Regional Pavilion;
authorizing the sale of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$500,000 is appropriated
from the bond proceeds fund to the commissioner of employment
and economic development for a grant to the city of Detroit
Lakes to renovate the Detroit Lakes Regional Pavilion. This
appropriation is not available until the commissioner has
determined that at least an equal amount has been committed 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 $500,000 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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This act is effective the day following final enactment.
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