as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital investment; appropriating money for Saint Cloud Technical
College property acquisition; authorizing the issuance of general obligation
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$3,400,000 is appropriated from the bond proceeds fund to the Board of Trustees
of the Minnesota State Colleges and Universities to acquire a medical office complex to
accommodate growing enrollment and to provide up-to-date science laboratories and
classrooms at Saint Cloud Technical College.
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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
$3,400,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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