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SF 2364

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 03/23/2010 01:33pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Current Version - 1st Engrossment

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A bill for an act
 relating to higher education; increasing the revenue bond limit of the higher
education facilities authority; amending Minnesota Statutes 2008, section
136A.29, subdivision 9.

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

Section 1.

Minnesota Statutes 2008, section 136A.29, subdivision 9, is amended to
read:


Subd. 9.

Revenue bonds; limit.

The authority is authorized and empowered
to issue revenue bonds whose aggregate principal amount at any time shall not exceed
deleted text begin $950,000,000deleted text end new text begin $1,300,000,000 new text end and to issue notes, bond anticipation notes, and revenue
refunding bonds of the authority under the provisions of sections 136A.25 to 136A.42,
to provide funds for acquiring, constructing, reconstructing, enlarging, remodeling,
renovating, improving, furnishing, or equipping one or more projects or parts thereof.

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
 new text end