HF 3553

as introduced - 90th Legislature (2017 - 2018) Posted on 03/08/2018 02:37pm

A bill for an act
relating to capital investment; appropriating money for asset preservation at Central
Lakes College; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CENTRAL LAKES COLLEGE; HEAPR.
new text end

new text begin Subdivision 1. new text end

new text begin APPROPRIATION. new text end

new text begin $7,549,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for repair
and renovation of heating, ventilation, and air conditioning; and roofing at Central Lakes
College, 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 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 $7,549,000 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