1.1 A bill for an act 1.2 relating to capital investment; appropriating money for demolition of the Tamarack 1.3 school building; authorizing the sale and issuance of state bonds. 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. CITY OF TAMARACK; SCHOOL BUILDING DEMOLITION. 1.6 Subdivision 1.Appropriation.$20,000 is appropriated from the bond proceeds fund 1.7to the commissioner of employment and economic development for a grant to the city of 1.8Tamarack for separation, demolition, and removal of the Tamarack school building from 1.9the gymnasium and shop area building, to remove blighted conditions and facilitate the 1.10redevelopment and reuse of the site. This appropriation includes money for removal and 1.11disposal of debris, site remediation and hazardous materials abatement, and restoration and 1.12waterproofing of the exposed interior wall. 1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond 1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of 1.15the state in an amount up to $20,000 in the manner, upon the terms, and with the effect 1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 1.17Constitution, article XI, sections 4 to 7. 1.18 EFFECTIVE DATE.This section is effective the day following final enactment. 1Section 1. 25-00096 as introduced10/07/24 REVISOR JSK/KR SENATE STATE OF MINNESOTA S.F. No. 125NINETY-FOURTH SESSION (SENATE AUTHORS: FARNSWORTH) OFFICIAL STATUSD-PGDATE Introduction and first reading01/16/2025 Referred to Capital Investment