HF 859

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:42am

A bill for an act
relating to higher education; capital improvements; appropriating money for
higher education asset preservation and replacement; authorizing the sale 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.
new text end

new text begin Subdivision 1. new text end

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

new text begin $....... is appropriated
from the bond proceeds fund to the Board of Trustees of the Minnesota State Colleges
and Universities for the purposes specified in Minnesota Statutes, section 135A.046,
including safety and statutory compliance, building envelope integrity, mechanical
systems, and space restoration.
new text end

new text begin Subd. 2. new text end

new text begin University of Minnesota. new text end

new text begin $....... 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

Sec. 2. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to
$............... 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