as introduced - 90th Legislature (2017 - 2018) Posted on 02/15/2017 10:20am
A bill for an act
relating to capital investment; appropriating money for a chemical sciences and
advanced materials science building at the University of Minnesota on the Duluth
campus; authorizing the issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$28,333,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to design, construct, furnish,
and equip a new laboratory building, including classrooms, research, and undergraduate
instructional laboratories, on the Duluth campus. This appropriation is intended to cover
two-thirds of the cost of the project. The remaining costs must be paid from university
sources.
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To provide the money appropriated in subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $28,333,000 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.
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This section is effective the day following final enactment.
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