SF 2694

as introduced - 88th Legislature (2013 - 2014) Posted on 03/18/2014 09:18am

A bill for an act
relating to capital investment; appropriating money for higher education asset
preservation and replacement (HEAPR) at Rochester 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 ROCHESTER COMMUNITY AND TECHNICAL COLLEGE;
HEAPR.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,512,675 is appropriated from the bond proceeds
fund to the Board of Trustees of the Minnesota State Colleges and Universities for the
purposes specified in Minnesota Statutes, section 135A.046. Of this appropriation:
new text end

new text begin (1) $590,175 is to replace the roof of Endicott Hall; and
new text end

new text begin (2) $922,500 is for exterior repairs to the University Center at Rochester Community
and Technical College Main 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 this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $1,512,675 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