1.1 	A bill for an act
1.2 	relating to capital improvements; authorizing the sale and issuance of state 
1.3 	bonds; appropriating money for the Labovitz School of Business and Economics 
1.4 	in Duluth.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION.
 1.7 	$15,333,000 is appropriated from the bond proceeds fund to the Board of Regents of 
1.8 	the University of Minnesota to construct a new building and to upgrade systems for the 
1.9 	Labovitz School of Business and Economics on the Duluth campus.

1.10 	Sec. 2. BOND SALE.
 1.11 	To provide the money appropriated in section 1 from the bond proceeds fund, 
1.12 	the commissioner of finance shall sell and issue bonds of the state in an amount up to 
1.13 	$15,333,000 in the manner, upon the terms, and with the effect prescribed by Minnesota 
1.14 	Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, 
1.15 	sections 4 to 7.

1.16 	Sec. 3. EFFECTIVE DATE.
 1.17 	Sections 1 and 2 are effective the day following final enactment.