HF 3038

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for asset preservation
and capital improvements 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 APPROPRIATION; CENTRAL LAKES COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,029,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for capital
improvements at Central Lakes College as provided:
new text end

new text begin (1) $2,004,000 is to be spent in accordance with Minnesota Statutes, section
135A.046, for asset preservation at Central Lakes College to replace the fire alarm system,
boiler, roof on the college center building, heating and air conditioning system for the
main campus, and fine arts and gym building;
new text end

new text begin (2) $525,000 is to design, renovate, furnish, and equip existing space into an
expanded community dental clinic; and
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new text begin (3) $500,000 is to design, renovate, furnish, and equip an existing theatre and
classrooms into a large classroom and cross-functional learning space.
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 subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $3,029,000 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