HF 3177

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/07/2022 02:59pm

A bill for an act
relating to capital investment; appropriating money for a Health Discovery Hub
at the University of Minnesota Twin Cities campus; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin UNIVERSITY OF MINNESOTA; HEALTH DISCOVERY HUB.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $140,000,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to construct, furnish, and equip
a new facility on the Twin Cities campus to advance clinical and outcomes-focused research
projects and provide access to advanced treatments and state-of-the-art care for patients and
their families in Minnesota.
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 $140,000,000 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