HF 3082

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to higher education; increasing the higher 
  1.3             education facilities authority bonding authority; 
  1.4             amending Minnesota Statutes 1998, section 136A.29, 
  1.5             subdivision 9. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1998, section 136A.29, 
  1.8   subdivision 9, is amended to read: 
  1.9      Subd. 9.  The authority is authorized and empowered to 
  1.10  issue revenue bonds whose aggregate principal amount at any time 
  1.11  shall not exceed $500,000,000 $650,000,000 and to issue notes, 
  1.12  bond anticipation notes, and revenue refunding bonds of the 
  1.13  authority under the provisions of sections 136A.25 to 136A.42, 
  1.14  to provide funds for acquiring, constructing, reconstructing, 
  1.15  enlarging, remodeling, renovating, improving, furnishing, or 
  1.16  equipping one or more projects or parts thereof.