HF 3407

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/13/2024 04:25pm

A bill for an act
relating to capital improvements; appropriating money for the CentraCare Health
System University of Minnesota Medical School 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 CENTRACARE HEALTH SYSTEM UNIVERSITY OF MINNESOTA
MEDICAL SCHOOL CAMPUS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,900,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of St. Cloud to design, construct, furnish, and equip renovations for a University of Minnesota
Medical School Campus on the CentraCare Health System Campus in the city of St. Cloud,
subject to Minnesota Statutes, section 16A.695.
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 $12,900,000 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