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HF 2425

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:04am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for facilities for the Iron
Range engineering program at Mesabi Range Community and Technical 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 IRON RANGE ENGINEERING PROGRAM FACILITIES;
VIRGINIA.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for Mesabi
Range Community and Technical College to design, construct, furnish, and equip an
addition to and remodeling of existing space for the Iron Range engineering program,
including laboratory spaces, other learning spaces, and improvements to the entrance, and
to acquire a privately owned housing facility on the 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 $6,000,000 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