HF 2494

as introduced - 88th Legislature (2013 - 2014) Posted on 02/27/2014 03:32pm

A bill for an act
relating to capital investment; appropriating money for higher education asset
preservation and replacement (HEAPR) at Central Lakes College; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin CENTRAL LAKES COLLEGE; HEAPR.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,030,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for the
purposes specified in Minnesota Statutes, section 135A.046. Of this appropriation,
$2,525,000 is to replace air handlers and a roof at the Brainerd campus; and $1,505,000 is
to replace air handlers and boilers, and upgrade building controls and electrical panels at
the Staples campus.
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 act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $4,030,000 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