SF 2107

as introduced - 90th Legislature (2017 - 2018) Posted on 03/15/2017 08:36am

A bill for an act
relating to capital investment; appropriating money for renovating Wilson Library
at the University of Minnesota, Minneapolis campus; authorizing the issuance of
state bonds.

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

Section 1. new text begin WILSON LIBRARY; UNIVERSITY OF MINNESOTA, MINNEAPOLIS
CAMPUS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds fund
to the Board of Regents of the University of Minnesota to predesign and design a partial
renovation of Wilson Library to preserve library collections. This appropriation is intended
to cover two-thirds of the cost of the project. The remaining costs must be paid from
university sources.
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 act from the bond proceeds
fund, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $4,000,000 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