1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for capital improvements and 
1.3 	land acquisition at Minneapolis Community and Technical College; authorizing 
1.4 	the sale and issuance of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE.
 1.7 		Subdivision 1.Appropriation. $18,290,000 is appropriated from the bond proceeds 
1.8 	fund to the Board of Trustees of the Minnesota State Colleges and Universities for 
1.9 	Minneapolis Community and Technical College for the following purposes:
1.10 	(1) $12,990,000 is to complete the design, renovate, furnish, and equip instructional 
1.11 	space, support space, and infrastructure for workforce programs; and
1.12 	(2) $5,300,000 is to acquire property immediately adjacent to the Management 
1.13 	Education Center.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.15 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.16 	bonds of the state in an amount up to $18,290,000 in the manner, upon the terms, and with 
1.17 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.18 	Minnesota Constitution, article XI, sections 4 to 7.

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