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Capital IconMinnesota Legislature

SF 1942

as introduced - 87th Legislature (2011 - 2012) Posted on 02/21/2012 09:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for projects at the University
of Minnesota; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin UNIVERSITY OF MINNESOTA
new text end

new text begin Subdivision 1. new text end

new text begin Total Appropriation
new text end

new text begin new text end new text begin $
new text end
new text begin 169,500,000
new text end

new text begin To the Board of Regents of the University of
Minnesota from the bond proceeds fund for
the purposes specified in this section.
new text end

new text begin Subd. 2. new text end

new text begin Higher Education Asset Preservation
and Replacement (HEAPR)
new text end

new text begin 90,000,000
new text end

new text begin To be spent in accordance with Minnesota
Statutes, section 135A.046.
new text end

new text begin Subd. 3. new text end

new text begin Combined Heat and Power Plant
new text end

new text begin 54,000,000
new text end

new text begin To renovate, equip, and furnish Old Main at
the Minneapolis campus to be a multi-utility
plant and make necessary improvements to
related infrastructure and landscaping.
new text end

new text begin Subd. 4. new text end

new text begin Itasca Facility Improvements
new text end

new text begin 4,060,000
new text end

new text begin To design, construct, furnish, and equip a
new biological laboratory/classroom facility
and renovate the classroom in the lakeside
laboratory at the University of Minnesota
facility in Itasca State Park.
new text end

new text begin Subd. 5. new text end

new text begin Eddy Hall and Space Optimization
new text end

new text begin 14,000,000
new text end

new text begin To design, construct, furnish, and equip
Eddy Hall for the admissions program and
to renovate the Donhowe Building and the
West Bank Office Building for the purpose
of implementing alternative workplace
strategies.
new text end

new text begin Subd. 6. new text end

new text begin American Indian Learning Resource
Center
new text end

new text begin 7,400,000
new text end

new text begin To design, construct, furnish, and equip an
American Indian Learning Resource Center
at the University of Minnesota-Duluth.
new text end

new text begin Subd. 7. new text end

new text begin Unspent Appropriations
new text end

new text begin Upon substantial completion of a project
authorized in this section and after written
notice to the commissioner of management
and budget, the Board of Regents must use
any money remaining in the appropriation
for that project for HEAPR under Minnesota
Statutes, section 135A.046. The Board
of Regents must report by February 1 of
each even-numbered year to the legislative
committees with jurisdiction over capital
investment and higher education finance, and
to the chairs of the house of representatives
Ways and Means Committee and the senate
Finance Committee, on how the remaining
money has been allocated or spent.
new text end

new text begin Subd. 8. new text end

new text begin University share
new text end

new text begin Except for Higher Education Asset
Preservation and Replacement (HEAPR)
under subdivision 1, the appropriations in this
section are intended to cover approximately
two-thirds of the cost of each project. The
remaining costs must be paid from university
sources.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $169,500,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end