SF 299

as introduced - 90th Legislature (2017 - 2018) Posted on 01/24/2017 08:33am

A bill for an act
relating to capital investment; appropriating money for higher education asset
preservation and replacement (HEAPR) at Century 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 CENTURY COLLEGE; HEAPR.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,500,000 is appropriated from the bond proceeds fund
to the Board of Trustees of the Minnesota State Colleges and Universities for the purposes
specified in Minnesota Statutes, section 135A.046. This appropriation is to repair roofs,
replace windows, restore masonry, and replace fire suppression pumps.
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 $2,500,000 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