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HF 3063

as introduced - 90th Legislature (2017 - 2018) Posted on 02/26/2018 02:33pm

KEY: stricken = removed, old language. underscored = added, new language.

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A bill for an act
relating to capital investment; appropriating money to replace Hagg Sauer Hall at
Bemidji State University; authorizing the sale and issuance of state bonds.

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

Section 1. HAGG SAUER HALL AND OTHER CAMPUS RENOVATIONS;
BEMIDJI STATE UNIVERSITY.

Subdivision 1.

Appropriation.

$22,500,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities to demolish
Hagg Sauer Hall; to design and construct a new Academic Learning Center on the site of
Hagg Sauer Hall; and to renovate, furnish, and equip space in Bangsberer Hall, Sattgast
Hall, A. C. Clark Library, Bridgeman Hall, and Bensen Hall. This appropriation is available
when the commissioner of management and budget determines that sufficient resources
have been committed to complete the project, as required by Minnesota Statutes, section
16A.502.

Subd. 2.

Bond sale.

To provide the money appropriated in this act from the bond proceeds
fund, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $22,500,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.

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