HF 270

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money
for design of capital improvements for St. Cloud State
University; authorizing the issuance of general
obligation bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION; ST. CLOUD STATE UNIVERSITY.
new text end

new text begin $900,000 is appropriated from the bond proceeds fund to the
Board of Trustees of the Minnesota State Colleges and
Universities to design, through construction documents, the
renovation of and an addition of new space for Brown Hall at St.
Cloud State University. The renovation and addition must
address life safety, fire, and air quality to provide space for
nursing programs and necessary laboratory and classroom space.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the
bond proceeds fund, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $900,000 in the
manner, on the terms, and with the effect prescribed by
Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end