Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

HF 3746

as introduced - 90th Legislature (2017 - 2018) Posted on 03/14/2018 11:43am

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

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11
1.12

A bill for an act
 relating to higher education; eliminating debt service payment requirement for
state issued bonds for Minnesota State Colleges and Universities capital projects;
proposing coding for new law in Minnesota Statutes, chapter 136F.

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

Section 1.

new text begin [136F.63] STATE BOND DEBT SERVICE.
 new text end

new text begin The board shall not be required to pay any debt service on a capital improvement project
financed by the sale of state general obligation bonds. An appropriation for a capital
improvement project financed by the sale of state general obligation bonds enacted after
June 30, 2018, requiring the board to pay debt service is void unless it makes specific
reference to this section.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2018.
 new text end