1.1                          A bill for an act 
  1.2             relating to capital investments; providing for higher 
  1.3             education asset preservation; authorizing the sale of 
  1.4             state bonds; appropriating money.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [HIGHER EDUCATION ASSET PRESERVATION AND 
  1.7   REPLACEMENT; APPROPRIATION.] 
  1.8      $45,000,000 is appropriated from the bond proceeds fund to 
  1.9   the board of trustees of the Minnesota state colleges and 
  1.10  universities for the purposes specified in Minnesota Statutes, 
  1.11  section 135A.046, including safety and statutory compliance, 
  1.12  building envelope integrity, mechanical systems, and space 
  1.13  restoration.  
  1.14     Sec. 2.  [BOND AUTHORIZATION.] 
  1.15     To provide the money appropriated in this act from the bond 
  1.16  proceeds fund, the commissioner of finance shall sell and issue 
  1.17  bonds of the state in an amount up to $45,000,000 in the manner, 
  1.18  upon the terms, and with the effect prescribed by Minnesota 
  1.19  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.20  Constitution, article XI, sections 4 to 7.