| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money to the University of Minnesota |
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| 3 | 3 | | 1.3 for capital improvements in Mower County for the FAARM program; authorizing |
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| 4 | 4 | | 1.4 the sale and issuance of state bonds. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. FUTURE OF ADVANCED AGRICULTURAL RESEARCH IN |
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| 7 | 7 | | 1.7MINNESOTA. |
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| 8 | 8 | | 1.8 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds |
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| 9 | 9 | | 1.9fund to the Board of Regents of the University of Minnesota for land acquisition, site |
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| 10 | 10 | | 1.10preparation, predesign, design, and preconstruction activities for new education, research, |
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| 11 | 11 | | 1.11animal housing, equipment storage, and associated support facilities in Mower County for |
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| 12 | 12 | | 1.12the Future of Advanced Agricultural Research in Minnesota (FAARM) program. This |
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| 13 | 13 | | 1.13appropriation is for the initial phase of the project, and any remaining funds after completion |
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| 14 | 14 | | 1.14of this phase may be used for later phases of this project, including preconstruction and |
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| 15 | 15 | | 1.15construction. |
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| 16 | 16 | | 1.16 Subd. 2.University share.The appropriation in this section is intended to cover |
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| 17 | 17 | | 1.17approximately two-thirds of the costs of this phase of the project. The remaining project |
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| 18 | 18 | | 1.18costs must be paid from university sources. |
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| 19 | 19 | | 1.19 Subd. 3.Bond sale.To provide the money appropriated in this section from the bond |
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| 20 | 20 | | 1.20proceeds fund, the commissioner of management and budget shall sell and issue bonds of |
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| 21 | 21 | | 1.21the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect |
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| 22 | 22 | | 1.22prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 23 | 23 | | 1.23Constitution, article XI, sections 4 to 7. |
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| 24 | 24 | | 1Section 1. |
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| 25 | 25 | | REVISOR JSK/AC 25-0322302/05/25 |
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| 26 | 26 | | State of Minnesota |
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| 27 | 27 | | This Document can be made available |
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| 28 | 28 | | in alternative formats upon request |
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| 29 | 29 | | HOUSE OF REPRESENTATIVES |
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| 30 | 30 | | H. F. No. 1178 |
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| 31 | 31 | | NINETY-FOURTH SESSION |
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| 32 | 32 | | Authored by Mueller02/19/2025 |
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| 33 | 33 | | The bill was read for the first time and referred to the Committee on Capital Investment 2.1 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 34 | 34 | | 2Section 1. |
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| 35 | 35 | | REVISOR JSK/AC 25-0322302/05/25 |
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