1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for a University of Minnesota 
1.3 	health sciences education facility at the Twin Cities campus; authorizing the 
1.4 	issuance of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. HEALTH SCIENCES EDUCATION FACILITY, UNIVERSITY OF 
1.7 	MINNESOTA; TWIN CITIES CAMPUS.
 1.8 		Subdivision 1.Appropriation. $69,333,000 is appropriated from the bond proceeds 
1.9 	fund to the Board of Regents of the University of Minnesota to demolish obsolete health 
1.10 	sciences facilities and to design, renovate, furnish, equip, and construct a health sciences 
1.11 	education facility on the Twin Cities campus to meet the needs of the Medical School and 
1.12 	the Academic Health Center. This appropriation is intended to cover two-thirds of the cost 
1.13 	of the project. The remaining costs must be paid from university sources.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.15 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.16 	the state in an amount up to $69,333,000 in the manner, upon the terms, and with the effect 
1.17 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.18 	Constitution, article XI, sections 4 to 7.

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