Minnesota Legislature
HF 2491
2nd Engrossment - 88th Legislature (2013 - 2014) Posted on 04/23/2014 12:02pm
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/27/2014 | |
| 1st Engrossment | Posted on 04/03/2014 | |
| 2nd Engrossment | Posted on 04/23/2014 |
Current Version - 2nd Engrossment
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A bill for an act
relating to capital investment; appropriating money for higher education asset
preservation and replacement (HEAPR) at the University of Minnesota and
Minnesota State Colleges and Universities; 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; HEAPR.
new text end
new text begin Subdivision 1. new text end
new text begin Appropriation. new text end
new text begin
(a) $100,000,000 is appropriated from the bond
proceeds fund to the Board of Regents of the University of Minnesota to be spent in
accordance with Minnesota Statutes, section 135A.046.
new text end
new text begin
(b) $100,000,000 is appropriated from the bond proceeds fund to the Board of
Trustees of the Minnesota State Colleges and Universities to be spent in accordance
with Minnesota Statutes, section 135A.046.
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 this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $200,000,000 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
Sec. 2. new text begin APPROPRIATIONS GIVEN EFFECT ONCE.
new text end
new text begin
If an appropriation in this act is enacted more than once in the 2014 legislative
session for the same purpose, the appropriation must be given effect only once. If the
appropriations for the same purpose are for different amounts, the lowest of the amounts is
the one to be given effect.
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