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HF 3492

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 03/15/2010 01:25pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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2.1

A bill for an act
 relating to capital investment; appropriating money for higher education asset
preservation and replacement; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HIGHER EDUCATION ASSET PRESERVATION AND
REPLACEMENT (HEAPR); APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin University of Minnesota. new text end

new text begin $56,000,000 is appropriated from the
bond proceeds fund to the Board of Regents of the University of Minnesota to be spent in
accordance with Minnesota Statutes, section 135A.046.
 new text end

new text begin Subd. 2. new text end

new text begin Minnesota State Colleges and Universities. new text end

new text begin $52,000,000 is appropriated
from the bond proceeds fund to the Board of Trustees of the Minnesota State Colleges and
Universities, to be spent in accordance with Minnesota Statutes, section 135A.046.
 new text end

new text begin Subd. 3. 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 $108,000,000 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

Sec. 2. new text begin APPROPRIATIONS MADE ONLY ONCE.
new text end

new text begin If the appropriations made in this act are enacted more than once in the 2010 regular
session, these appropriations must be given effect only once.
 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