Bill Text: MN SF562 | 2011-2012 | 87th Legislature | Introduced
Bill Title: University of Minnesota (U of M) physics and nanotechnology building bond issue and appropriation
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2011-03-03 - Referred to Capital Investment [SF562 Detail]
Download: Minnesota-2011-SF562-Introduced.html
1.2relating to capital investment; appropriating money for a physics and
1.3nanotechnology building on the Twin Cities campus of the University of
1.4Minnesota; authorizing 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; PHYSICS AND
1.7NANOTECHNOLOGY BUILDING.
1.8 Subdivision 1. Appropriation. $51,333,000 is appropriated from the bond proceeds
1.9fund to the Board of Regents of the University of Minnesota to construct, furnish, and
1.10equip a new physics and nanotechnology building on the Twin Cities campus. The project
1.11will include research laboratories, offices, a clean room supporting nanotechnology,
1.12faculty and student meeting space, infrastructure, and support spaces.
1.13This appropriation is intended to cover approximately two-thirds of the costs of this
1.14project. The remaining costs must be paid from university sources.
1.15 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.16bond proceeds fund, the commissioner of management and budget shall sell and issue
1.17bonds of the state in an amount up to $51,333,000 in the manner, upon the terms, and with
1.18the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.19Minnesota Constitution, article XI, sections 4 to 7.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
1.3nanotechnology building on the Twin Cities campus of the University of
1.4Minnesota; authorizing 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; PHYSICS AND
1.7NANOTECHNOLOGY BUILDING.
1.8 Subdivision 1. Appropriation. $51,333,000 is appropriated from the bond proceeds
1.9fund to the Board of Regents of the University of Minnesota to construct, furnish, and
1.10equip a new physics and nanotechnology building on the Twin Cities campus. The project
1.11will include research laboratories, offices, a clean room supporting nanotechnology,
1.12faculty and student meeting space, infrastructure, and support spaces.
1.13This appropriation is intended to cover approximately two-thirds of the costs of this
1.14project. The remaining costs must be paid from university sources.
1.15 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.16bond proceeds fund, the commissioner of management and budget shall sell and issue
1.17bonds of the state in an amount up to $51,333,000 in the manner, upon the terms, and with
1.18the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.19Minnesota Constitution, article XI, sections 4 to 7.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
