<a id="pl.1.3"></a><var>1.3</var>education facilities authority; amending Minnesota Statutes 2008, section <br/>
<a id="pl.1.4"></a><var>1.4</var>136A.29, subdivision 9.<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. Minnesota Statutes 2008, section 136A.29, subdivision 9, is amended to <br/>
<a id="pl.1.7"></a><var>1.7</var>read:<br/>
<a id="pl.1.8"></a><var>1.8</var>    Subd. 9. <b>Revenue bonds; limit.</b> The authority is authorized and empowered <br/>
<a id="pl.1.9"></a><var>1.9</var>to issue revenue bonds whose aggregate principal amount at any time shall not exceed <br/>
<a id="pl.1.10"></a><var>1.10</var>$950,000,000 $1,300,000,000 and to issue notes, bond anticipation notes, and revenue <br/>
<a id="pl.1.11"></a><var>1.11</var>refunding bonds of the authority under the provisions of sections 
         <statute_ref>136A.25</statute_ref> to 
         <statute_ref>136A.42</statute_ref>, <br/>
<a id="pl.1.12"></a><var>1.12</var>to provide funds for acquiring, constructing, reconstructing, enlarging, remodeling, <br/>
<a id="pl.1.13"></a><var>1.13</var>renovating, improving, furnishing, or equipping one or more projects or parts thereof. <br/>
<a id="pl.1.14"></a><var>1.14</var><b>EFFECTIVE DATE.</b>This section is effective the day following final enactment.<br/>