HF 72

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital investments; authorizing land 
  1.3             acquisition at Vermilion Community College; 
  1.4             appropriating money.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [VERMILION COMMUNITY COLLEGE LAND ACQUISITION; 
  1.7   APPROPRIATION.] 
  1.8      $400,000 is appropriated from the bond proceeds fund to the 
  1.9   board of trustees of the Minnesota State Colleges and 
  1.10  Universities for the purpose of acquiring real property near 
  1.11  Vermilion Community College at Ely from willing sellers.  
  1.12     Sec. 2.  [BOND AUTHORIZATION.] 
  1.13     To provide the money appropriated in this act from the bond 
  1.14  proceeds fund, the commissioner of finance shall sell and issue 
  1.15  bonds of the state in an amount up to $400,000 in the manner, 
  1.16  upon the terms, and with the effect prescribed by Minnesota 
  1.17  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.18  Constitution, article XI, sections 4 to 7.