Bill Text: MN HF270 | 2013-2014 | 88th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Omnibus bonding bill.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2013-05-17 - Bill was not passed as amended three-fifths majority needed to pass bonding bill (81 votes), Article XI, Sect. 5 of the Minnesota Constitution vote: 76-56 [HF270 Detail]
Download: Minnesota-2013-HF270-Introduced.html
Bill Title: Omnibus bonding bill.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2013-05-17 - Bill was not passed as amended three-fifths majority needed to pass bonding bill (81 votes), Article XI, Sect. 5 of the Minnesota Constitution vote: 76-56 [HF270 Detail]
Download: Minnesota-2013-HF270-Introduced.html
1.2relating to capital investment; appropriating money for Higher Education Asset
1.3Preservation and Replacement; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. HIGHER EDUCATION ASSET PRESERVATION AND
1.6REPLACEMENT.
1.7 Subdivision 1. Appropriation; University of Minnesota. $75,000,000 is
1.8appropriated from the bond proceeds fund to the Board of Regents of the University of
1.9Minnesota for higher education asset preservation and replacement under Minnesota
1.10Statutes, section 135A.046.
1.11 Subd. 2. Appropriation; Minnesota State Colleges and Universities. $75,000,000
1.12is appropriated from the bond proceeds fund to the Board of Trustees of the Minnesota
1.13State Colleges and Universities for higher education asset preservation and replacement
1.14under Minnesota Statutes, section 135A.046.
1.15 Subd. 3. 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 $150,000,000 in the manner, upon the terms, and
1.18with the 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.
1.3Preservation and Replacement; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. HIGHER EDUCATION ASSET PRESERVATION AND
1.6REPLACEMENT.
1.7 Subdivision 1. Appropriation; University of Minnesota. $75,000,000 is
1.8appropriated from the bond proceeds fund to the Board of Regents of the University of
1.9Minnesota for higher education asset preservation and replacement under Minnesota
1.10Statutes, section 135A.046.
1.11 Subd. 2. Appropriation; Minnesota State Colleges and Universities. $75,000,000
1.12is appropriated from the bond proceeds fund to the Board of Trustees of the Minnesota
1.13State Colleges and Universities for higher education asset preservation and replacement
1.14under Minnesota Statutes, section 135A.046.
1.15 Subd. 3. 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 $150,000,000 in the manner, upon the terms, and
1.18with the 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.
