HF 1708

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 design of capital improvements for St. Cloud State 
  1.4             University; 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 STATE UNIVERSITY.] 
  1.8      $2,900,000 is appropriated from the bond proceeds fund to 
  1.9   the Board of Trustees of the Minnesota State Colleges and 
  1.10  Universities for phase 2 of the remodeling of Centennial Hall at 
  1.11  St. Cloud State University.  Funding must be used to remodel, 
  1.12  furnish, and equip the remaining portion of Centennial Hall to 
  1.13  complete the renovation and conversion of Centennial Hall from a 
  1.14  library into a classroom and office building. 
  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 $2,900,000 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.