HF 3050

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/03/2022 06:42pm

A bill for an act
relating to capital investment; appropriating money for a chemistry undergraduate
teaching laboratory at the University of Minnesota, Twin Cities campus; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin CHEMISTRY UNDERGRADUATE TEACHING LABORATORY,
UNIVERSITY OF MINNESOTA, TWIN CITIES CAMPUS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $72,000,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to construct, furnish, and equip
a renovation of and an addition to Fraser Hall for an undergraduate chemistry teaching
laboratory facility on the Twin Cities campus. This project includes the demolition of
obsolete portions of Fraser Hall. This appropriation is intended to cover approximately
two-thirds of the cost of the project. The remaining costs must be paid from university
sources.
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 management and budget shall sell and issue bonds of
the state in an amount up to $72,000,000 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