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HF 3409

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/14/2022 01:58pm

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

Bill Text Versions

Engrossments
Introduction Posted on 02/14/2022

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for facilities for the Future of
Advanced Agriculture Research in Minnesota; authorizing the issuance of state
bonds.

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

Section 1. new text beginFUTURE OF ADVANCED AGRICULTURE RESEARCH IN
MINNESOTA.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $60,000,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to acquire land, predesign,
design, construct, furnish, and equip new facilities in Mower County to house the Future
of Advanced Agriculture Research in Minnesota (FAARM) program that will support an
integrated science approach to addressing interaction of soil, water, plant, animal,
environmental, and human health in a managed research and education system. The facilities
will include classroom and laboratory space, animal housing, and equipment storage space
and space for associated supportive functions. This appropriation is available when the
commissioner of management and budget determines that an amount sufficient to complete
the project has been committed to the project.
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 $60,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and 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