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A bill for an act
relating to capital investment; appropriating money for the construction of
infrastructure to support a multiuse regional recreation center in the city of
Breckenridge; 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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BRECKENRIDGE; MULTIUSE REGIONAL RECREATION CENTER
INFRASTRUCTURE.
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Subdivision 1.
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Appropriation.
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$3,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Breckenridge to acquire property for and to design, construct, furnish, and equip infrastructure
to support an expansion of the Infinity Center regional recreation and wellness complex,
including a parking lot and extending municipal utilities to the expansion space.
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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 $3,000,000 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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