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MN SF2457
Bill
Status
3/10/2014
Primary Sponsor
William Ingebrigtsen
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AI Summary
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Appropriates $2,900,000 from the bond proceeds fund to the Commissioner of Employment and Economic Development for a redevelopment grant to the Lakes Area Economic Development Authority.
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Grant funds are designated for acquisition and redevelopment of the Jefferson High School site in Alexandria.
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Appropriation is conditional on at least $2,600,000 in matching funds from nonstate sources being committed to the project.
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Authorizes the Commissioner of Management and Budget to sell and issue up to $2,900,000 in state bonds to provide the appropriated funds.
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Takes effect the day following final enactment.
Legislative Description
Alexandria Jefferson high school site acquisition and redevelopment grant bond issue and appropriation
Last Action
Referred to Finance
3/10/2014