HF 3130

as introduced - 88th Legislature (2013 - 2014) Posted on 03/17/2014 03:40pm

A bill for an act
relating to higher education; appropriating money for capital improvements to
the Aquatic Invasive Species Research Center 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 AQUATIC INVASIVE SPECIES RESEARCH CENTER;
APPROPRIATION.
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 Regents of the University of Minnesota for capital improvements
to the Aquatic Invasive Species Research Center. The appropriation in this section is
intended to cover approximately two-thirds of the cost of the project. The remaining
costs 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 $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