HF 2653

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money for Minnesota State
University Moorhead and Minnesota Community and Technical College,
Moorhead; authorizing the issuance of general obligation bonds.

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

Section 1. new text begin MINNESOTA STATE UNIVERSITY MOORHEAD AND
MINNESOTA COMMUNITY AND TECHNICAL COLLEGE, MOORHEAD.
new text end

new text begin Subd. 1. new text end

new text begin Appropriation. new text end

new text begin $31,660,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for the
purposes in this section.
new text end

new text begin Subd. 2. new text end

new text begin Minnesota State University Moorhead. new text end

new text begin $15,580,000 is for the following
capital projects at Minnesota State University Moorhead:
new text end

new text begin (1) $5,300,000 is for the purposes under Minnesota Statutes, section 135A.046 to
replace the roof and fire alarms, repair HVAC and laboratories, meet ADA requirements
and for sprinkler systems;
new text end

new text begin (2) $9,680,000 is to renovate, furnish, and equip MacLean Hall for classrooms,
laboratories, and related offices, and to construct a new exterior stairwell; and
new text end

new text begin (3) $600,000 is to design the renovation of Lommen Hall.
new text end

new text begin Subd. 3. new text end

new text begin Minnesota Community and Technical College, Moorhead. new text end

new text begin $500,000
is to renovate, furnish, and equip a construction trade incubator laboratory at Minnesota
Community and Technical College, Moorhead.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$31,660,000 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