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MN SF2171
Bill
Status
Introduced
3/1/2012
Primary Sponsor
Julianne Ortman
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AI Summary
- Appropriates $241,000,000 from bond proceeds to the commissioner of administration for the State Capitol restoration project (sequences A to D) proposed by the State Capitol Preservation Commission in 2012
- Authorizes the commissioner of management and budget to sell and issue state bonds up to $241,000,000 with maturity not exceeding six years from issuance date
- Dedicates all revenue deposited in the arts and cultural heritage fund each fiscal year to pay debt service on the bonds issued for the Capitol restoration project
- Any additional arts and cultural heritage fund money after debt service payments are transferred to the bond fund may be used by the commissioner of management and budget to retire bonds early
- Amends Minnesota Statutes section 129D.17 to add subdivision 4 regarding State Capitol restoration; subdivision expires once all debt service obligations are fully paid
Legislative Description
State Capitol restoration project bond issue and appropriation
Last Action
Referred to Capital Investment
3/1/2012
Committee Referrals
Capital Investment3/1/2012
Full Bill Text
No bill text available