<a id="pl.1.3"></a><var>1.3</var>higher education asset preservation and replacement; authorizing the sale of <br/>
<a id="pl.1.4"></a><var>1.4</var>state bonds.<br/>
<a id="pl.1.5"></a><var>1.5</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><a id="pl.1.6"></a><var>1.6</var>    Section 1. <b>HIGHER EDUCATION ASSET PRESERVATION AND </b><br/>
<a id="pl.1.7"></a><var>1.7</var><b>REPLACEMENT.</b><br/>
<a id="pl.1.8"></a><var>1.8</var>    Subdivision 1. <b>Minnesota State Colleges and Universities.</b> $50,000,000 is <br/>
<a id="pl.1.9"></a><var>1.9</var>appropriated from the bond proceeds fund to the Board of Trustees of the Minnesota <br/>
<a id="pl.1.10"></a><var>1.10</var>State Colleges and Universities for the purposes specified in Minnesota Statutes, section <br/>
<a id="pl.1.11"></a><var>1.11</var>135A.046, including safety and statutory compliance, building envelope integrity, <br/>
<a id="pl.1.12"></a><var>1.12</var>mechanical systems, and space restoration.<br/>
<a id="pl.1.13"></a><var>1.13</var>    Subd. 2. <b>University of Minnesota.</b> $35,000,000 is appropriated from the bond <br/>
<a id="pl.1.14"></a><var>1.14</var>proceeds fund to the Board of Regents of the University of Minnesota to be spent in <br/>
<a id="pl.1.15"></a><var>1.15</var>accordance with Minnesota Statutes, section 135A.046.<br/>
<br/>
<a id="bill.0.2.0"></a><a id="pl.1.16"></a><var>1.16</var>    Sec. 2. <b>BOND AUTHORIZATION.</b><br/>
<a id="pl.1.17"></a><var>1.17</var>To provide the money appropriated in this act from the bond proceeds fund, the <br/>
<a id="pl.1.18"></a><var>1.18</var>commissioner of finance shall sell and issue bonds of the state in an amount up to <br/>
<a id="pl.1.19"></a><var>1.19</var>$85,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota <br/>
<a id="pl.1.20"></a><var>1.20</var>Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, <br/>
<a id="pl.1.21"></a><var>1.21</var>sections 4 to 7.<br/>