SF 3070

as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2018 09:02am

A bill for an act
relating to capital investment; appropriating money for improvements at Riverland
Community 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 HEAPR; RIVERLAND COMMUNITY COLLEGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,858,000 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 Riverland Community College, to be spent in
accordance with Minnesota Statutes, section 135A.046. This appropriation includes money
for upgrades and improvements to the electrical system on the Austin campus and
replacement of the heating, ventilation, and air conditioning system on the Albert Lea
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 $2,858,000 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