HF 1964

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money for West Central Research
and Outreach Center in Morris; authorizing the issuance of general obligation
bonds.

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

Section 1. new text begin APPROPRIATION; WEST CENTRAL RESEARCH AND
OUTREACH CENTER, MORRIS.
new text end

new text begin $1,800,000 is appropriated from the bond proceeds fund to the Board of Regents
of the University of Minnesota to design and construct an addition to the Administration
Building at the West Central Research and Outreach Center in Morris for increased
educational and office space. This appropriation is contingent on the Board of Regents
providing the remainder of the $2,500,000 total project cost.
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
$1,800,000 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

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