as introduced - 85th Legislature (2007 - 2008) 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 a grant to the city of Crookston to design, construct,
furnish, and equip an ice arena complex.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$12,889,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Crookston to design, construct, furnish, and equip an ice arena complex to replace
an existing facility that is being relocated to accommodate a planned flood control project.
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This appropriation is not available until the commissioner has determined that the
city of Crookston has committed at least $1,720,825 to the project.
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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 $12,889,000 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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