Minnesota Legislature
HF 978
as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
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A bill for an act
relating to capital improvements; appropriating money for a grant to Independent
School District No. 11, Anoka-Hennepin, to purchase and restore native prairie
and wetland adjacent to Riverview Elementary School; authorizing the sale
and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin APPROPRIATION.
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$240,000 is appropriated from the maximum effort school loan fund to the
commissioner of education for a capital loan to Independent School District No. 11,
Anoka-Hennepin, as provided in Minnesota Statutes, sections 126C.60 to 126C.72, to
acquire land adjacent to Riverview Elementary School and for improvements of a capital
nature to develop and restore wetland and native prairie habitat on the land.
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Sec. 2. new text begin BOND SALE.
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To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$240,000 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. The proceeds of the bonds, except accrued interest and any premium
received on the sale of the bonds, must be credited to a bond proceeds account in the
maximum effort school loan fund.
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Sec. 3. new text begin EFFECTIVE DATE.
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Sections 1 and 2 are effective the day following final enactment.
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