HF 2343

as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:12pm

A bill for an act
relating to capital investment; appropriating money for Higher Education Asset
Preservation and Replacement projects on the Willmar and Hutchinson campuses
of Ridgewater College; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RIDGEWATER COLLEGE; HEAPR.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,754,000 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 projects at Ridgewater College, to be
spent in accordance with Minnesota Statutes, section 135A.046. Of this amount:
new text end

new text begin (1) $1,600,000 is to upgrade the heating system at the Willmar campus;
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new text begin (2) $754,000 is to replace a roof at the Hutchinson campus; and
new text end

new text begin (3) $400,000 is to repair a building envelope at the Willmar campus.
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 $2,754,000 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