SF 2677

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for asset preservation at
Northland Community and Technical College; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin APPROPRIATION; NORTHLAND COMMUNITY AND
TECHNICAL COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,464,000 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for higher
education asset preservation and replacement at Northland Community and Technical
College to be spent in accordance with Minnesota Statutes, section 135A.046, to replace
condensers, air handlers, and emergency generators on the East Grand Forks campus
wastewater infrastructure program established in Minnesota Statutes, section 446A.072,
and to replace the HVAC and the main electrical feeder on the Thief River Falls campus.
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 subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $2,464,000 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