HF 845

as introduced - 87th Legislature (2011 - 2012) Posted on 03/03/2011 11:28am

A bill for an act
relating to capital investment; appropriating money for higher education asset
preservation and replacement and North Hennepin Community College;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HIGHER EDUCATION ASSET PRESERVATION AND
REPLACEMENT; NORTH HENNEPIN COMMUNITY COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $58,000,000 is appropriated from the bond
proceeds fund to the Board of Trustees of the Minnesota State Colleges and Universities
for the purposes specified in Minnesota Statutes, section 135A.046, including safety
and statutory compliance, building envelope integrity, mechanical systems, and space
restoration.
new text end

new text begin (b) $26,581,000 is appropriated from the bond proceeds fund to the Board of
Trustees of the Minnesota State Colleges and Universities to complete design, construct,
furnish, and equip a new building for Bioscience and Health Careers Center laboratory
and classroom space on the North Hennepin Community College campus.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $84,581,000 in the manner, upon 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end