HF 857

as introduced - 87th Legislature (2011 - 2012) Posted on 03/03/2011 11:41am

A bill for an act
relating to capital investment; appropriating money for a physics and
nanotechnology building 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; PHYSICS AND
NANOTECHNOLOGY BUILDING.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $51,333,000 is appropriated from the bond proceeds
fund to the Board of Regents of the University of Minnesota to construct, furnish, and
equip a new physics and nanotechnology building on the Twin Cities campus. The project
will include research laboratories, offices, a clean room supporting nanotechnology,
faculty and student meeting space, infrastructure, and support spaces.
new text end

new text begin This appropriation is intended to cover approximately two-thirds of the costs of this
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 $51,333,000 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.
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