as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing issuance
of state bonds; appropriating money for certain
projects at the University of Minnesota-Duluth.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$18,767,000 is appropriated from the bond proceeds fund to
the Board of Regents of the University of Minnesota for the
following projects at the University of Minnesota-Duluth and in
the amounts specified by this section.
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(1) $1,467,000 to design a new building for the Lebowitz
School of Business and Economics. The building will include
classrooms, offices, teaching laboratories, student services,
and administrative support space. The design cost is
$2,200,000, with the university contributing $733,000.
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(2) $8,000,000 to construct, furnish, and equip the
recreational sports facility, an addition to the existing sports
and health center. The project cost is $12,000,000, $4,000,000
of which will be paid by student fees. The facility will
include fitness and conditioning space, multipurpose
recreational space, and office space.
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(3) $9,300,000 to renew the life sciences building. This
is a $14,000,000 project, with the university contributing
$4,700,000.
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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 $18,767,000 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.
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This act is effective the day following final enactment.
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