as introduced - 87th Legislature (2011 - 2012) Posted on 03/19/2012 01:57pm
A bill for an act
relating to capital investment; appropriating money for projects 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
|
new text begin Subdivision 1. new text end
new text begin
Total Appropriation
|
new text begin new text end |
new text begin
$ new text end |
new text begin
169,500,000 new text end |
new text begin
To the Board of Regents of the University of
Minnesota from the bond proceeds fund for
the purposes specified in this section.
new text end
new text begin Subd. 2. new text end
new text begin
Higher Education Asset Preservation
|
new text begin
90,000,000 new text end |
new text begin
To be spent in accordance with Minnesota
Statutes, section 135A.046.
new text end
new text begin Subd. 3. new text end
new text begin
Combined Heat and Power Plant
|
new text begin
54,000,000 new text end |
new text begin
To renovate, equip, and furnish Old Main at
the Minneapolis campus to be a multi-utility
plant and make necessary improvements to
related infrastructure and landscaping.
new text end
new text begin Subd. 4. new text end
new text begin
Itasca Facility Improvements
|
new text begin
4,060,000 new text end |
new text begin
To design, construct, furnish, and equip a
new biological laboratory/classroom facility
and renovate the classroom in the lakeside
laboratory at the University of Minnesota
facility in Itasca State Park.
new text end
new text begin Subd. 5. new text end
new text begin
Eddy Hall and Space Optimization
|
new text begin
14,000,000 new text end |
new text begin
To design, construct, furnish, and equip
Eddy Hall for the admissions program and
to renovate the Donhowe Building and the
West Bank Office Building for the purpose
of implementing alternative workplace
strategies.
new text end
new text begin Subd. 6. new text end
new text begin
American Indian Learning Resource
|
new text begin
7,400,000 new text end |
new text begin
To design, construct, furnish, and equip an
American Indian Learning Resource Center
at the University of Minnesota-Duluth.
new text end
new text begin Subd. 7. new text end
new text begin
Unspent Appropriations
|
new text begin
Upon substantial completion of a project
authorized in this section and after written
notice to the commissioner of management
and budget, the Board of Regents must use
any money remaining in the appropriation
for that project for HEAPR under Minnesota
Statutes, section 135A.046. The Board
of Regents must report by February 1 of
each even-numbered year to the legislative
committees with jurisdiction over capital
investment and higher education finance, and
to the chairs of the house of representatives
Ways and Means Committee and the senate
Finance Committee, on how the remaining
money has been allocated or spent.
new text end
new text begin Subd. 8. new text end
new text begin
University share
|
new text begin
Except for Higher Education Asset
Preservation and Replacement (HEAPR)
under subdivision 1, the appropriations in this
section are intended to cover approximately
two-thirds of the cost of each project. The
remaining costs must be paid from university
sources.
new text end
new text begin
To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $169,500,000 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
This act is effective the day following final enactment.
new text end