SF 231

as introduced - 88th Legislature (2013 - 2014) Posted on 02/08/2013 08:49am

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

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

Section 1. new text begin ST. CLOUD STATE UNIVERSITY; ST. CLOUD TECHNICAL AND
COMMUNITY COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $11,799,000 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. Of this appropriation:
new text end

new text begin (1) $8,977,000 is for replacement of brick veneer and roof replacement at Stewart
Hall, and replacement of mechanical systems at other campus buildings on the St. Cloud
State University campus; and
new text end

new text begin (2) $2,822,000 is for building envelope integrity and replacement of mechanical
systems at campus buildings, and replacement of the central boiler plant on the St. Cloud
Technical and Community College campus.
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 $11,799,000 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