HF 1605

as introduced - 89th Legislature (2015 - 2016) Posted on 03/10/2015 05:42pm

A bill for an act
relating to capital investment; appropriating money for capital improvements and
betterments at Minnesota State Colleges and Universities facilities statewide;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA STATE COLLEGES AND UNIVERSITIES new text end

new text begin Subdivision 1. new text end new text begin Total Appropriation new text end

new text begin $ new text end

new text begin 198,454,000 new text end

new text begin To the Board of Trustees of the Minnesota
State Colleges and Universities for the
purposes specified in this section.
new text end

new text begin Subd. 2. new text end new text begin Higher Education Asset Preservation and Replacement (HEAPR) new text end

new text begin 72,500,000 new text end

new text begin To be spent in accordance with Minnesota
Statutes, section 135A.046.
new text end

new text begin Subd. 3. new text end new text begin Anoka Technical College new text end

new text begin 2,114,000 new text end

new text begin To design, renovate, furnish, and equip the
automotive and manufacturing technology
training spaces.
new text end

new text begin Subd. 4. new text end new text begin Bemidji State University new text end

new text begin 18,100,000 new text end

new text begin To complete design and construct, furnish,
and equip the replacement of Hagg Sauer
Hall.
new text end

new text begin Subd. 5. new text end new text begin Century College, White Bear Lake new text end

new text begin 1,325,000 new text end

new text begin To design, renovate, furnish, and equip
existing tiered classrooms to create more
flexible and efficient space.
new text end

new text begin Subd. 6. new text end new text begin Dakota County Technical College new text end

new text begin 7,733,000 new text end

new text begin To complete design, renovate, furnish,
and equip classroom and lab space for
transportation and emerging technologies
programs.
new text end

new text begin Subd. 7. new text end new text begin Minnesota West Community and Technical College; Canby and Jackson Campuses new text end

new text begin 3,267,000 new text end

new text begin (a) To design and install a geothermal HVAC
system, and remove and replace associated
mechanical systems, on the Canby campus.
new text end

new text begin (b) To design and consolidate the powerline
training program spaces by demolishing
Building "B" and the current off-campus
powerline training space, and construct
and equip a new indoor powerline training
addition and exterior truck port on the
Jackson main campus.
new text end

new text begin Subd. 8. new text end new text begin Minnesota State Community and Technical College; Fergus Falls and Wadena Campuses new text end

new text begin 2,373,000 new text end

new text begin (a) To design the renovation of and to
renovate, furnish, and equip existing library
space to create a student services center at
the Wadena campus.
new text end

new text begin (b) To design the renovation of and to
renovate, furnish, and equip existing space
to create a center for student and workforce
success at the Fergus Falls campus.
new text end

new text begin Subd. 9. new text end new text begin Northeast Higher Education District, Hibbing new text end

new text begin 10,000,000 new text end

new text begin To complete the design, remove obsolete and
underutilized space, and construct, renovate,
furnish, and equip efficient and flexible
academic and student service space at the
Hibbing campus.
new text end

new text begin Subd. 10. new text end new text begin Northland Community and Technical College; East Grand Forks new text end

new text begin 826,000 new text end

new text begin To design, renovate, furnish, and equip
science and radiological technology
laboratories on the East Grand Forks campus.
new text end

new text begin Subd. 11. new text end new text begin Rochester Community and Technical College new text end

new text begin 11,585,000 new text end

new text begin To complete the design, remove obsolete and
underutilized space, and construct, renovate,
furnish, and equip efficient and flexible
academic and student service space.
new text end

new text begin Subd. 12. new text end new text begin St. Paul College new text end

new text begin 18,829,000 new text end

new text begin To complete the design of and construct,
furnish, and equip the Health and Science
Alliance Center addition, and to renovate,
furnish, and equip existing health and West
Tower spaces.
new text end

new text begin Subd. 13. new text end new text begin St. Cloud State University new text end

new text begin 18,572000 new text end

new text begin To complete design of and to renovate,
furnish, and equip Eastman Hall to relocate
student health services and academic
programs into the renovated Eastman Hall.
new text end

new text begin Subd. 14. new text end new text begin South Central College; North Mankato new text end

new text begin 8,600,000 new text end

new text begin To design, renovate, renew, furnish, and
equip laboratory, classroom, and office
space for health care, STEM, computer, and
agribusiness programs.
new text end

new text begin Subd. 15. new text end new text begin Winona State University new text end

new text begin 22,630,000 new text end

new text begin To complete design, renovate, remodel,
furnish, and equip Phase 2 of the education
village project in Wabasha Hall, Wabasha
Recreation Center, and the Cathedral School
to create an education village of classrooms,
laboratories, offices, and meeting and support
spaces enabling the College of Education
to integrate with southeastern Minnesota
communities and school districts to jointly
provide an extraordinary experience for
the preparation of teachers and school
professionals.
new text end

new text begin Subd. 16. new text end new text begin Debt Service new text end

new text begin (a) Except as provided in paragraph (b), the
Board of Trustees shall pay the debt service
on one-third of the principal amount of state
bonds sold to finance projects authorized
by this section. After each sale of general
obligation bonds, the commissioner of
management and budget shall notify the
board of the amounts assessed for each year
for the life of the bonds.
new text end

new text begin (b) The board need not pay debt service
on bonds sold to finance higher education
asset preservation and replacement. Where a
nonstate match is required, the debt service is
due on a principal amount equal to one-third
of the total project cost, less the match
committed before the bonds are sold.
new text end

new text begin (c) The commissioner of management and
budget shall reduce the board's assessment
each year by one-third of the net income
from investment of general obligation bond
proceeds in proportion to the amount of
principal and interest otherwise required to
be paid by the board. The board shall pay its
resulting net assessment to the commissioner
of management and budget by December
1 of each year. If the board fails to make
a payment when due, the commissioner
of management and budget shall reduce
allotments for appropriations from the
general fund otherwise available to the board
and apply the amount of the reduction to
cover the missed debt service payment. The
commissioner of management and budget
shall credit the payments received from the
board to the bond debt service account in
the state bond fund each December 1 before
money is transferred from the general fund
under Minnesota Statutes, section 16A.641,
subdivision 10.
new text end

new text begin Subd. 17. new text end new text begin Unspent Appropriations new text end

new text begin (a) Upon substantial completion of a
project authorized in this section and after
written notice to the commissioner of
management and budget, the board must use
any money remaining in the appropriation
for that project for higher education
asset preservation and replacement under
Minnesota Statutes, section 135A.046. The
Board of Trustees must report by February
1 of each even-numbered year to the chairs
of the house of representatives and senate
committees with jurisdiction over capital
investment and higher education finance, and
to the chairs of the house of representatives
Ways and Means Committee and the senate
Finance Committee, on how the remaining
money has been allocated or spent.
new text end

new text begin (b) The unspent portion of an appropriation
for a project in this section that is complete
is available for higher education asset
preservation and replacement under this
subdivision at the same campus as the project
for which the original appropriation was
made and the debt service requirement under
this subdivision is reduced accordingly.
Minnesota Statutes, section 16A.642, applies
from the date of the original appropriation to
the unspent amount transferred.
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

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

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $198,454,000 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