1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money
1.3 	for capital improvements at South Central Technical
1.4 	College; authorizing the issuance of general
1.5 	obligation bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION; MINNESOTA STATE COLLEGES AND
1.8 	UNIVERSITIES, SOUTH CENTRAL TECHNICAL COLLEGE.
 1.9 	$5,157,000 is appropriated from the bond proceeds fund to
1.10 	the Board of Trustees of Minnesota State Colleges and
1.11 	Universities for South Central Technical College to remodel,
1.12 	furnish, and equip teaching laboratories at the North Mankato
1.13 	campus and for asset preservation at the Faribault campus.

1.14 	Sec. 2. BOND SALE.
 1.15 	To provide the money appropriated by section 1 from the
1.16 	bond proceeds fund, the commissioner of finance shall sell and
1.17 	issue bonds of the state in an amount up to $5,157,000 in the
1.18 	manner, on the terms, and with the effect prescribed by
1.19 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20 	Minnesota Constitution, article XI, sections 4 to 7.

1.21 	Sec. 3. EFFECTIVE DATE.
 1.22 	Sections 1 and 2 are effective the day following final
1.23 	enactment.