SF 3137

as introduced - 91st Legislature (2019 - 2020) Posted on 10/28/2020 03:34pm

A bill for an act
relating to capital improvements; appropriating money for three projects on the
Twin Cities campus of the University of Minnesota; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin UNIVERSITY OF MINNESOTA; TWIN CITIES CAMPUS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriations. new text end

new text begin (a) $112,800,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota for the purposes of this
subdivision.
new text end

new text begin (1) $29,200,000 is to predesign, design, renovate, expand, furnish, and equip the Institute
of Child Development building on the Twin Cities campus. This project includes the
demolition and replacement of the 1968 building addition.
new text end

new text begin (2) $65,600,000 is to predesign, design, renovate, furnish, equip, and construct an addition
to Fraser Hall for chemistry undergraduate teaching laboratories on the Twin Cities campus.
This project includes demolition of obsolete portions of Fraser Hall.
new text end

new text begin (3) $18,000,000 is for design, land acquisition, site preparation, and preconstruction
services for the Clinical Research Facility on the Twin Cities campus.
new text end

new text begin (b) The appropriations in this section are intended to cover approximately two-thirds of
the cost of each project. The remaining costs must be paid from university sources.
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 $112,800,000 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