as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money to renovate a building at the University of Minnesota for
use as a biomedical science research facility.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$14,400,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to renovate the building at
717 Delaware for use as a biomedical science research facility. This appropriation is
intended to cover approximately 80 percent of the cost of the project. The remaining
costs must be paid from university sources.
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To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue bonds of the state in an
amount up to $14,400,000 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.
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This act is effective the day following final enactment.
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