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 investment; appropriating money 1.3 for Bemidji State University-Northwest Technical 1.4 College; authorizing the issuance of general 1.5 obligation bonds. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [APPROPRIATION; BEMIDJI STATE 1.8 UNIVERSITY-NORTHWEST TECHNICAL COLLEGE.] 1.9 $10,000,000 is appropriated from the bond proceeds fund to 1.10 the Board of Trustees of the Minnesota State Colleges and 1.11 Universities to remodel, furnish, and equip Phase 2 of the 1.12 Emerging Technology Addition project in Bemidji, including 1.13 remodeling Bridgeman Hall at Bemidji State University and 1.14 construction of an addition at Northwest Technical College. 1.15 Sec. 2. [BOND SALE.] 1.16 To provide the money appropriated in section 1 from the 1.17 bond proceeds fund, the commissioner of finance shall sell and 1.18 issue bonds of the state in an amount up to $10,000,000 in the 1.19 manner, on the terms, and with the effect prescribed by 1.20 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.21 Minnesota Constitution, article XI, sections 4 to 7. 1.22 Sec. 3. [EFFECTIVE DATE.] 1.23 Sections 1 and 2 are effective the day following final 1.24 enactment.