SF 596

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money for
University of Minnesota capital projects.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Total. new text end

new text begin $115,567,000 is appropriated from
the bond proceeds fund to the Board of Regents of the University
of Minnesota for the capital projects specified in this section.
new text end

new text begin Subd. 2. new text end [HIGHER EDUCATION ASSET PRESERVATION AND
REPLACEMENT (HEAPR).] new text begin $50,000,000 is for Higher Education Asset
Preservation and Replacement (HEAPR) to be spent in accordance
with Minnesota Statutes, section 135A.046.
new text end

new text begin Subd. 3. new text end

new text begin Duluth campus. new text end

new text begin $18,767,000 is for the Duluth
Campus as follows:
new text end

new text begin (a) $9,300,000 is for the Life Science Building to design,
renovate, furnish, and equip the Life Science Building for the
pharmacy program and other academic programs on the Duluth
campus. The renovation may include, but is not limited to,
improvements to correct air quality problems, life safety and
accessibility code deficiencies, asbestos, and fireproofing of
the facility.
new text end

new text begin (b) $8,000,000 is for the Recreational Sports Addition to
construct, furnish, and equip the recreational sports facility,
an addition to the existing sports and health center. The
facility will include fitness and conditioning space,
multipurpose recreational space, and office space.
new text end

new text begin (c) $1,467,000 is to design a new building for the Labowitz
School of Business and Economics. The building will include
classrooms, offices, teaching laboratories, student services,
and administrative support space.
new text end

new text begin Subd. 4. new text end

new text begin Morris campus - district heating and football
stadium. new text end

new text begin $5,333,000 is for the Morris Campus to design,
construct, and equip an addition to the heating plant to provide
the capability to burn biomass fuel to produce steam, and to
construct a football stadium to be shared with the Morris School
District.
new text end

new text begin Subd. 5. new text end

new text begin Twin cities campus - minneapolis. new text end

new text begin $41,467,000
is for the Twin Cities Campus - Minneapolis, as follows:
new text end

new text begin (a) $16,000,000 is to design, renovate, furnish, and equip
Kolthoff Hall and to correct air quality problems in the
facility that may include, but are not limited to, repair or
replacement of the mechanical, electrical, and HVAC systems.
new text end

new text begin (b) $13,300,000 is for Education Sciences to design,
renovate, furnish, and equip the Education Sciences Building.
new text end

new text begin (c) $10,500,000 is for the Academic Health Center to
design, renovate, furnish, and equip classrooms and laboratories.
new text end

new text begin (d) $1,667,000 is for the Carlson School Expansion to
design a new instructional facility adjacent to the existing
Carlson School of Management, to include undergraduate
classrooms for the Carlson School and the College of Liberal
Arts, undergraduate computer laboratories, and offices for the
Carlson School's undergraduate student support services programs.
new text end

new text begin Subd. 6. new text end

new text begin University share. new text end

new text begin Except for higher education
asset preservation and replacement, the appropriations in this
section are intended to cover approximately two-thirds of the
cost of each project. The remaining costs must be paid from
university sources.
new text end

new text begin Subd. 7. new text end

new text begin Contingencies. new text end

new text begin The commissioner of finance must
combine into one account, under the control of the Board of
Regents, the portion of each appropriation in this section that
is attributable to the amount budgeted for contingencies for
projects in this section. The board must manage the account to
pay for exceptional but necessary costs of projects authorized
in this section. Upon substantial completion or abandonment of
all projects authorized in this section, the board must use any
funds remaining in the contingency account for HEAPR under
Minnesota Statutes, section 135A.046. The Board of Regents must
report by February 1 of each even-numbered year to the chairs of
the house and senate committees with jurisdiction over capital
investments and higher education finance, and to the chairs of
the house Ways and Means Committee and the senate Finance
Committee on how the money in the contingency account has been
allocated or spent.
new text end

Sec. 2. new text begin BOND SALE.
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 $115,567,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end