SF 1558

as introduced - 87th Legislature (2011 - 2012) Posted on 01/27/2012 09:03am

A bill for an act
relating to capital investment; appropriating money for renovation at Northeast
Higher Education District, Hibbing Community College; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin NORTHEAST HIGHER EDUCATION DISTRICT, HIBBING
COMMUNITY COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,185,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for
Northeast Higher Education District, Hibbing Community College, for the following
purposes:
new text end

new text begin (1) $545,000 is to design, renovate, furnish, and equip laboratory space; and
new text end

new text begin (2) $640,000 is to design, construct, furnish, and equip solar array for energy-related
programs and to design and renovate multiuse space.
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 $1,185,000 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