Minnesota SF 1609: Greater Minnesota child care facility program bond issue and appropriation

Bill Text

1.1 A bill for an act​
1.2 relating to capital investment; appropriating money for the greater Minnesota child​
1.3 care facility program; authorizing the sale and issuance of state bonds.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. GREATER MINNESOTA CHILD CARE FACILITY PROGRAM.​
1.6 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds​
1.7 fund to the commissioner of employment and economic development for the greater​
1.8 Minnesota child care facility capital grant program under Minnesota Statutes, section​
1.9 116J.417.​
1.10 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.11 proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.12 the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect​
1.13 prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.14 Constitution, article XI, sections 4 to 7.​
1.15 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
23-02575 as introduced​01/19/23 REVISOR JSK/KA​
SENATE​
STATE OF MINNESOTA​
S.F. No. 1609​NINETY-THIRD SESSION​
(SENATE AUTHORS: PUTNAM, Frentz, Kupec, Hauschild and Rasmusson)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​804​02/13/2023​
Referred to Capital Investment​