1.1 	A bill for an act
1.2 	relating to higher education; increasing the revenue bond limit of the higher 
1.3 	education facilities authority; amending Minnesota Statutes 2008, section 
1.4 	136A.29, subdivision 9.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2008, section 136A.29, subdivision 9, is amended to 
1.7 	read:
1.8 		Subd. 9.Revenue bonds; limit. The authority is authorized and empowered 
1.9 	to issue revenue bonds whose aggregate principal amount at any time shall not exceed 
1.10 	$950,000,000$1,300,000,000 and to issue notes, bond anticipation notes, and revenue 
1.11 	refunding bonds of the authority under the provisions of sections 136A.25 to 136A.42, 
1.12 	to provide funds for acquiring, constructing, reconstructing, enlarging, remodeling, 
1.13 	renovating, improving, furnishing, or equipping one or more projects or parts thereof. 

1.14 	Sec. 2. EFFECTIVE DATE.
 1.15 	This act is effective the day following final enactment.