SF 1626

as introduced - 88th Legislature (2013 - 2014) Posted on 04/22/2013 08:36am

A bill for an act
relating to capital investment; appropriating money for the University of
Minnesota, Crookston wellness center; authorizing the sale and issuance of
state bonds.

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

Section 1. UNIVERSITY OF MINNESOTA; CROOKSTON.

Subdivision 1.

Appropriation.

$2,500,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota for engineering, predesign,
and design of the renovation and expansion of the existing campus wellness and
recreational center at the University of Minnesota, Crookston.

Subd. 2.

Bond sale.

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 $2,500,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.