Bill Text: MN SF922 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Rochester community and technical college workforce center renovation and colocation bond issue and appropriation
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2011-03-21 - Referred to Capital Investment [SF922 Detail]
Download: Minnesota-2011-SF922-Introduced.html
1.2relating to capital investment; appropriating money for the Rochester Community
1.3and Technical College work force center; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. ROCHESTER COMMUNITY AND TECHNICAL COLLEGE;
1.7WORK FORCE CENTER COLOCATION.
1.8 Subdivision 1. Appropriation. $8,500,000 is appropriated from the bond proceeds
1.9fund to the Board of Trustees of the Minnesota State Colleges and Universities to
1.10complete the design and to construct, furnish, and equip an addition to the Heintz Center at
1.11Rochester Community and Technical College and to renovate the heating, ventilating, and
1.12air conditioning systems. The addition will house the Rochester Area Work Force Center.
1.13The board of trustees must consult with the commissioner of employment and economic
1.14development on the design of the renovations and addition. The board must enter into a
1.15lease agreement with the commissioner of employment and economic development for
1.16use of the work force center. The lease agreement must provide that lease payments
1.17made by the commissioner will pay for the college's reasonable costs in support of the
1.18work force center. The board shall pay the debt service on $1,079,000 of the principal
1.19amount of state bonds sold to finance the project. The commissioner of employment
1.20and economic development shall pay the debt service on $5,262,000 of the principal
1.21amount of state bonds sold to finance the project in the manner provided in Minnesota
1.22Statutes, section 16A.643.
1.23 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.24bond proceeds fund, the commissioner of management and budget shall sell and issue
2.1bonds of the state in an amount up to $8,500,000 in the manner, upon the terms, and with
2.2the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
2.3Minnesota Constitution, article XI, sections 4 to 7.
2.4EFFECTIVE DATE.This section is effective the day following final enactment.
1.3and Technical College work force center; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. ROCHESTER COMMUNITY AND TECHNICAL COLLEGE;
1.7WORK FORCE CENTER COLOCATION.
1.8 Subdivision 1. Appropriation. $8,500,000 is appropriated from the bond proceeds
1.9fund to the Board of Trustees of the Minnesota State Colleges and Universities to
1.10complete the design and to construct, furnish, and equip an addition to the Heintz Center at
1.11Rochester Community and Technical College and to renovate the heating, ventilating, and
1.12air conditioning systems. The addition will house the Rochester Area Work Force Center.
1.13The board of trustees must consult with the commissioner of employment and economic
1.14development on the design of the renovations and addition. The board must enter into a
1.15lease agreement with the commissioner of employment and economic development for
1.16use of the work force center. The lease agreement must provide that lease payments
1.17made by the commissioner will pay for the college's reasonable costs in support of the
1.18work force center. The board shall pay the debt service on $1,079,000 of the principal
1.19amount of state bonds sold to finance the project. The commissioner of employment
1.20and economic development shall pay the debt service on $5,262,000 of the principal
1.21amount of state bonds sold to finance the project in the manner provided in Minnesota
1.22Statutes, section 16A.643.
1.23 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.24bond proceeds fund, the commissioner of management and budget shall sell and issue
2.1bonds of the state in an amount up to $8,500,000 in the manner, upon the terms, and with
2.2the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
2.3Minnesota Constitution, article XI, sections 4 to 7.
2.4EFFECTIVE DATE.This section is effective the day following final enactment.
