HF 555

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money
for capital improvements at St. Paul College;
authorizing the issuance of general obligation bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION; ST. PAUL COLLEGE CAPITAL
IMPROVEMENTS.
new text end

new text begin $10,993,000 is appropriated from the bond proceeds fund to
the Board of Trustees of the Minnesota State Colleges and
Universities for capital improvements at St. Paul College. The
capital project at St. Paul College is to design, remodel,
furnish, and equip construction trade and technology labs and to
design and construct a new entryway to link all floors of the
original building with the tower to include offices, conference
rooms, and student study areas.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the
bond proceeds fund, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $10,993,000 in the
manner, on 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.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end