1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for improvements at Minnesota 
1.3 	State University, Mankato; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. MINNESOTA STATE UNIVERSITY, MANKATO.
 1.6 		Subdivision 1.Appropriation. $96,900,000 is appropriated from the bond proceeds 
1.7 	fund to the Board of Trustees of the Minnesota State Colleges and Universities for demolition 
1.8 	and removal of Armstrong Hall; to design, construct, furnish, and equip a new academic 
1.9 	building to replace Armstrong Hall; and to renovate, furnish, and equip space in other 
1.10 	campus facilities to accommodate academic programs and support functions currently 
1.11 	housed in Armstrong Hall, at Minnesota State University, Mankato.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $96,900,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

1.17 	EFFECTIVE DATE. This section is effective the day following final enactment.