Bill Text: MN SF2170 | 2013-2014 | 88th Legislature | Introduced
Bill Title: University of Minnesota (U of M) higher education asset preservation and replacement (HEAPR) bond issue and appropriation
Sponsorship: Moderate Partisan Bill (Democrat 4-1)
Status: (Introduced - Dead) 2014-05-02 - Comm report: To pass and re-referred to Capital Investment [SF2170 Detail]
Download: Minnesota-2013-SF2170-Introduced.html
1.2relating to capital investment; appropriating money for higher education
1.3asset preservation and replacement (HEAPR) at the University of Minnesota;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. UNIVERSITY OF MINNESOTA; HEAPR.
1.7 Subdivision 1. Appropriation. $100,000,000 is appropriated from the bond
1.8proceeds fund to the Board of Regents of the University of Minnesota to be spent in
1.9accordance with Minnesota Statutes, section 135A.046.
1.10 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.11bond proceeds fund, the commissioner of management and budget shall sell and issue
1.12bonds of the state in an amount up to $100,000,000 in the manner, upon the terms, and
1.13with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.14Minnesota Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE.This section is effective the day following final enactment.
1.3asset preservation and replacement (HEAPR) at the University of Minnesota;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. UNIVERSITY OF MINNESOTA; HEAPR.
1.7 Subdivision 1. Appropriation. $100,000,000 is appropriated from the bond
1.8proceeds fund to the Board of Regents of the University of Minnesota to be spent in
1.9accordance with Minnesota Statutes, section 135A.046.
1.10 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.11bond proceeds fund, the commissioner of management and budget shall sell and issue
1.12bonds of the state in an amount up to $100,000,000 in the manner, upon the terms, and
1.13with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.14Minnesota Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE.This section is effective the day following final enactment.
