HF 1706

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 investment; appropriating money 
  1.3             for capital improvements to St. Cloud Technical 
  1.4             College; authorizing the issuance of general 
  1.5             obligation bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION; ST. CLOUD TECHNICAL COLLEGE.] 
  1.8      $13,860,000 is appropriated from the bond proceeds fund to 
  1.9   the Board of Trustees of the Minnesota State Colleges and 
  1.10  Universities to design, construct, furnish, and equip an 
  1.11  addition to the St. Cloud Technical College and to remodel, 
  1.12  furnish, and equip the existing building for colocation of the 
  1.13  Stearns-Benton Workforce Center and creation of an allied health 
  1.14  facility for nursing and allied health programs. 
  1.15     Sec. 2.  [BOND SALE.] 
  1.16     To provide the money appropriated by section 1 from the 
  1.17  bond proceeds fund, the commissioner of finance shall sell and 
  1.18  issue bonds of the state in an amount up to $13,860,000 in the 
  1.19  manner, on the terms, and with the effect prescribed by 
  1.20  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.21  Minnesota Constitution, article XI, sections 4 to 7. 
  1.22     Sec. 3.  [EFFECTIVE DATE.] 
  1.23     Sections 1 and 2 are effective the day following final 
  1.24  enactment.