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Minnesota Legislature

Office of the Revisor of Statutes

SF 2746

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9
1.10 1.11 1.12 1.13 1.14 1.15
1.16 1.17

A bill for an act
relating to capital improvements; appropriating money for asset preservation at
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 beginAPPROPRIATION; BOARD OF REGENTS.
new text end

new text begin $80,000,000 is appropriated from the bond proceeds fund to the Board of Regents of
the University of Minnesota for higher education asset preservation and replacement to
be spent in accordance with Minnesota Statutes, section 135A.046. This appropriation
is intended to cover 100 percent of eligible project costs.
new text end

Sec. 2. new text beginBOND 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
$80,000,000 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

Sec. 3. new text beginEFFECTIVE DATE.
new text end

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