HF 2230

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to higher education; capital improvements; 
  1.3             appropriating money for higher education asset 
  1.4             preservation and replacement; authorizing the issuance 
  1.5             of state bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION; UNIVERSITY OF MINNESOTA.] 
  1.8      $17,500,000 is appropriated from the bond proceeds fund to 
  1.9   the board of regents of the University of Minnesota for higher 
  1.10  education asset preservation and replacement under Minnesota 
  1.11  Statutes, section 135A.046. 
  1.12     Sec. 2.  [APPROPRIATION; MINNESOTA STATE COLLEGES AND 
  1.13  UNIVERSITIES.] 
  1.14     $17,500,000 is appropriated from the bond proceeds fund to 
  1.15  the board of trustees of the Minnesota state colleges and 
  1.16  universities for higher education asset preservation and 
  1.17  replacement under Minnesota Statutes, section 135A.046. 
  1.18     Sec. 3.  [BOND SALE.] 
  1.19     To provide the money appropriated in this act from the bond 
  1.20  proceeds fund, the commissioner of finance shall sell and issue 
  1.21  bonds of the state in an amount up to $35,000,000 in the manner, 
  1.22  on the terms, and with the effect prescribed by Minnesota 
  1.23  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.24  Constitution, article XI, sections 4 to 7. 
  1.25     Sec. 4.  [EFFECTIVE DATE.] 
  2.1      This act is effective the day following final enactment.