1.1 	A bill for an act
1.2 	relating to capital improvements; appropriating money
1.3 	for a collaborative research facility; authorizing the
1.4 	issuance of state general obligation bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION.
 1.7 	$24,300,000 is appropriated from the bond proceeds fund to
1.8 	the Board of Regents of the University of Minnesota to purchase
1.9 	three floors in the Stabile Building on the Mayo Clinic campus
1.10 	in Rochester.  The floors are to be used to accommodate both
1.11 	basic science and clinical researchers, along with research
1.12 	infrastructure that will be used to support collaborative
1.13 	research efforts between the University of Minnesota and the
1.14 	Mayo Clinic.  The three floors will be owned by the University
1.15 	of Minnesota and operated by the Mayo Clinic through a use
1.16 	agreement approved by the commissioner of finance subject to
1.17 	Minnesota Statutes, section 16A.695.

1.18 	Sec. 2. BOND SALE.
 1.19 	To provide the money appropriated in this act from the bond
1.20 	proceeds fund, the commissioner of finance shall sell and issue
1.21 	bonds of the state in an amount up to $24,300,000 in the manner,
1.22 	upon the terms, and with the effect prescribed by Minnesota
1.23 	Statutes, sections 16A.631 to 16A.675, and the Minnesota
1.24 	Constitution, article XI, sections 4 to 7.

1.25 	Sec. 3. EFFECTIVE DATE.
 2.1 	Sections 1 and 2 are effective the day following final
2.2 	enactment.