1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money to renovate Pillsbury Hall at 
1.3 	the University of Minnesota; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. PILLSBURY HALL; UNIVERSITY OF MINNESOTA; MINNEAPOLIS 
1.6 	CAMPUS.
 1.7 		Subdivision 1.Appropriation. $22,900,000 is appropriated from the bond proceeds 
1.8 	fund to the Board of Regents of the University of Minnesota to predesign, design, renovate, 
1.9 	furnish, and equip historic Pillsbury Hall on the Minneapolis campus. This appropriation 
1.10 	is intended to cover two-thirds of the cost of the project. The remaining costs must be paid 
1.11 	from university sources.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $22,900,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

1.17 	EFFECTIVE DATE. This section is effective the day following final enactment.