HF 2502

as introduced - 88th Legislature (2013 - 2014) Posted on 02/27/2014 03:30pm

A bill for an act
relating to capital investment; appropriating money for the Chemical Sciences
and Advanced Materials Building at the University of Minnesota; 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; CHEMICAL SCIENCES AND
ADVANCED MATERIALS BUILDING.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $24,000,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to design, construct, furnish,
and equip a chemical sciences and advanced materials building on the Duluth 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 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 $24,000,000 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