HF 1746

as introduced - 90th Legislature (2017 - 2018) Posted on 02/27/2017 01:50pm

A bill for an act
relating to capital investment; appropriating money for a plant growth research
facility at the University of Minnesota; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin UNIVERSITY OF MINNESOTA; PLANT GROWTH RESEARCH
FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,600,000 is appropriated from the bond proceeds fund
to the Board of Regents of the University of Minnesota to demolish the existing biological
sciences greenhouse and to predesign, design, construct, furnish, and equip a greenhouse
to support learning and research on the St. Paul campus of the University of Minnesota.
The appropriation in this subdivision is intended to cover approximately two-thirds of the
cost of the project. The remaining cost must be paid from university sources.
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 $4,600,000 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