HF 14

as introduced - 87th Legislature (2011 - 2012) Posted on 01/10/2011 10:39am

A bill for an act
relating to capital investment; appropriating money for asset preservation at the
University of Minnesota and the Minnesota State Colleges and Universities;
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 (HEAPR).
new text end

new text begin Subdivision 1. new text end

new text begin University of Minnesota HEAPR. new text end

new text begin $....... is appropriated from
the bond proceeds fund to the Board of Regents of the University of Minnesota for
higher education asset preservation and replacement under Minnesota Statutes, section
135A.046. This appropriation is expected to cover 100 percent of the costs of HEAPR
projects on the university campuses.
new text end

new text begin Subd. 2. new text end

new text begin Minnesota State Colleges and Universities HEAPR. new text end

new text begin $....... is
appropriated from the bond proceeds fund to the Board of Trustees of the Minnesota
State Colleges and Universities for higher education asset preservation and replacement
under Minnesota Statutes, section 135A.046. This appropriation is expected to cover 100
percent of the costs of HEAPR projects at campuses of the Minnesota State Colleges
and Universities.
new text end

new text begin Subd. 3. 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 $....... 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