A bill for an act
relating to capital investment; appropriating money for an East African cultural
mall in the city of Moorhead; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$5,000,000 is appropriated from the bond proceeds fund
to the city of Moorhead to construct, furnish, and equip the renovation of a building to serve
as a cultural mall for the East African community located in the city of Moorhead.
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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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This section is effective the day following final enactment.
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