HF 583

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to higher education; raising the statutory 
  1.3             debt limit for the higher education facility's 
  1.4             authority; amending Minnesota Statutes 2002, section 
  1.5             136A.29, subdivision 9. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 136A.29, 
  1.8   subdivision 9, is amended to read: 
  1.9      Subd. 9.  The authority is authorized and empowered to 
  1.10  issue revenue bonds whose aggregate principal amount at any time 
  1.11  shall not exceed $650,000,000 $800,000,000 and to issue notes, 
  1.12  bond anticipation notes, and revenue refunding bonds of the 
  1.13  authority under the provisions of sections 136A.25 to 136A.42, 
  1.14  to provide funds for acquiring, constructing, reconstructing, 
  1.15  enlarging, remodeling, renovating, improving, furnishing, or 
  1.16  equipping one or more projects or parts thereof.