as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money for Lake Superior
College; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$840,000 is appropriated from the bond proceeds fund to the Board of Trustees of
the Minnesota State Colleges and Universities to design a two-phased project to construct
a health and science center addition and to renovate existing spaces at Lake Superior
College.
new text end
new text begin
To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$840,000 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
Sections 1 and 2 are effective the day following final enactment.
new text end