SF 163

as introduced - 91st Legislature, 2020 1st Special Session (2019 - 2020) Posted on 06/20/2020 10:08am

A bill for an act
relating to capital investment; appropriating money for Pine Technical and
Community College; appropriating money for the Minneapolis Community and
Technical College for manufacturing and trades training; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin PINE 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 $635,000 is appropriated from the bond proceeds fund
to the Board of Trustees of the Minnesota State Colleges and Universities to design the
renovation of the main building allied health space and an addition of the technical trade
and applied learning labs at Pine Technical and Community College.
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 $635,000 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

Sec. 2. new text begin MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,500,000 is appropriated from the bond proceeds fund
to the Board of Trustees of the Minnesota State Colleges and Universities for campus
improvements at the Minneapolis Community and Technical College to accommodate
training in manufacturing and the trades in collaboration with a nonprofit partner colocated
initiative to create incentives for underserved youth to achieve high school and postsecondary
attainment, subject to Minnesota Statutes, section 16A.695.
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 $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.
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