as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to capital improvements; authorizing issuance 1.3 of state bonds; appropriating money for certain 1.4 projects at the University of Minnesota-Duluth. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [UNIVERSITY OF MINNESOTA-DULUTH; BONDING 1.7 PROJECTS.] 1.8 $18,767,000 is appropriated from the bond proceeds fund to 1.9 the Board of Regents of the University of Minnesota for the 1.10 following projects at the University of Minnesota-Duluth and in 1.11 the amounts specified by this section. 1.12 (1) $1,467,000 to design a new building for the Lebowitz 1.13 School of Business and Economics. The building will include 1.14 classrooms, offices, teaching laboratories, student services, 1.15 and administrative support space. The design cost is $2,200,000 1.16 with the university contributing $733,000. 1.17 (2) $8,000,000 to construct, furnish, and equip the 1.18 recreational sports facility, an addition to the existing sports 1.19 and health center. The project cost is $12,000,000, $4,000,000 1.20 of which will be paid by student fees. The facility will 1.21 include fitness and conditioning space, multipurpose 1.22 recreational space, and office space. 1.23 (3) $9,300,000 to renew the life sciences building. This 1.24 is a $14,000,000 project with the university contributing 1.25 $4,700,000. 2.1 Sec. 2. [BOND AUTHORIZATION.] 2.2 To provide the money appropriated in this act from the bond 2.3 proceeds fund, the commissioner of finance shall sell and issue 2.4 bonds of the state in an amount up to $18,767,000 in the manner, 2.5 upon the terms, and with the effect prescribed by Minnesota 2.6 Statutes, sections 16A.631 to 16A.675, and by the Minnesota 2.7 Constitution, article XI, sections 4 to 7. 2.8 Sec. 3. [EFFECTIVE DATE.] 2.9 This act is effective the day following final enactment.