SF 2729

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 Southwest Minnesota
State University; 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; SOUTHWEST STATE UNIVERSITY,
MULTIPURPOSE FACILITY.
new text end

new text begin $....... is appropriated from the bond proceeds fund to the Board of Trustees of
the Minnesota State Colleges and Universities to design, construct, furnish, and equip a
multipurpose facility at Southwest Minnesota State University.
new text end

new text begin This appropriation is not available until the board determines that at least $5,000,000
has been committed to the project from private, nongovernmental sources.
new text end

Sec. 2. new text begin BOND SALE.
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 $....... 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end