| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money for Higher Education Asset |
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| 3 | 3 | | 1.3 Preservation and Replacement at the University of Minnesota; authorizing the sale |
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| 4 | 4 | | 1.4 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. UNIVERSITY OF MINNESOTA; HIGHER EDUCATION ASSET |
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| 7 | 7 | | 1.7PRESERVATION AND REPLACEMENT . |
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| 8 | 8 | | 1.8 Subdivision 1.Appropriation.$200,000,000 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 Higher Education Asset |
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| 10 | 10 | | 1.10Preservation and Replacement (HEAPR), to be spent in accordance with Minnesota Statutes, |
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| 11 | 11 | | 1.11section 135A.046. |
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| 12 | 12 | | 1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond |
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| 13 | 13 | | 1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of |
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| 14 | 14 | | 1.14the state in an amount up to $200,000,000 in the manner, upon the terms, and with the effect |
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| 15 | 15 | | 1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 16 | 16 | | 1.16Constitution, article XI, sections 4 to 7. |
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| 17 | 17 | | 1.17 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 18 | 18 | | 1Section 1. |
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| 19 | 19 | | REVISOR JSK/ES 25-0242301/16/25 |
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| 20 | 20 | | State of Minnesota |
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| 21 | 21 | | This Document can be made available |
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| 22 | 22 | | in alternative formats upon request |
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| 23 | 23 | | HOUSE OF REPRESENTATIVES |
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| 24 | 24 | | H. F. No. 1245 |
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| 25 | 25 | | NINETY-FOURTH SESSION |
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| 26 | 26 | | Authored by Wolgamott and Anderson, P. H.,02/20/2025 |
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| 27 | 27 | | The bill was read for the first time and referred to the Committee on Capital Investment |
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