HF 1867

as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2017 12:46pm

A bill for an act
relating to capital investment; appropriating money for systemwide academic and
student experience investments on University of Minnesota campuses; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin UNIVERSITY OF MINNESOTA; SYSTEMWIDE ACADEMIC AND
STUDENT EXPERIENCE INVESTMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $16,000,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to modernize existing teaching,
learning, and research spaces on the University of Minnesota's Crookston, Duluth, Morris,
and Twin Cities campuses. This appropriation includes funds to predesign, design, renovate,
furnish, and equip teaching, learning, and research spaces including the following locations:
the Biological Sciences Center on the Twin Cities-St. Paul campus; AB Anderson Hall on
the Duluth campus; the Humanities Building and Blakely Hall on the Morris campus; and
Dowell Hall, Sahlstrom Hall, and Owen Hall on the Crookston campus. The appropriation
in this subdivision is intended to cover approximately two-thirds of the cost of the project.
The remaining costs must be paid from university sources.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin 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 $16,000,000 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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end