HF 2739

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money for Saint Cloud Technical
College property acquisition; authorizing the issuance of general obligation
bonds.

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

Section 1. new text begin APPROPRIATION; SAINT CLOUD TECHNICAL COLLEGE.
new text end

new text begin $3,400,000 is appropriated from the bond proceeds fund to the Board of Trustees
of the Minnesota State Colleges and Universities to acquire a medical office complex to
accommodate growing enrollment and to provide up-to-date science laboratories and
classrooms at Saint Cloud Technical College.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1, from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$3,400,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end