SF 3354

as introduced - 90th Legislature (2017 - 2018) Posted on 03/15/2018 12:59pm

A bill for an act
relating to capital investment; appropriating money for asset preservation projects
on the Normandale Community College campus; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin NORMANDALE COMMUNITY COLLEGE; HEAPR.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,457,150 is appropriated from the bond proceeds fund
to the Board of Trustees of the Minnesota State Colleges and Universities to replace the
roof and elevator and to continue with renovation of the tunnels on the Normandale
Community College campus, to be spent in accordance with Minnesota Statutes, section
135A.046.
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 $4,457,150 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