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

1.6 	Section 1. MEDICAL RESEARCH FACILITY; APPROPRIATION.
 1.7 	$20,000,000 is appropriated from the bond proceeds fund to
1.8 	the Board of Regents of the University of Minnesota for the
1.9 	purchase of a medical research facility in the city of Rochester.

1.10 	Sec. 2. BOND SALE.
 1.11 	To provide the money appropriated in section 1 from the
1.12 	bond proceeds fund, the commissioner of finance shall sell and
1.13 	issue bonds of the state in an amount of $20,000,000 in the
1.14 	manner, on the terms, and with the effect prescribed by
1.15 	Minnesota Statutes, section 16A.631 to 16A.675, and by the
1.16 	Minnesota Constitution, article XI, sections 4 to 7.

1.17 	Sec. 3. EFFECTIVE DATE.
 1.18 	Section 1 is effective the day following final enactment.