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A bill for an act
relating to capital investment; appropriating money for the Bioimaging Center at
the Hormel Institute in Austin; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
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AUSTIN; HORMEL INSTITUTE BIOIMAGING CENTER.
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Subdivision 1.
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Appropriation.
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$5,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the Austin
Port Authority to design, construct, furnish, and equip the renovation of space at the Hormel
Institute facility in the city of Austin, a learning laboratory for workforce development,
kindergarten through grade 12 engagement, and professional training in STEM and
bioimaging education.
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Subd. 2.
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Bond sale.
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To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $5,000,000 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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EFFECTIVE DATE.
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This section is effective the day following final enactment.
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