1.1 A bill for an act
1.2 relating to capital investment; appropriating money to the University of Minnesota
1.3 for capital improvements in Mower County for the FAARM program; authorizing
1.4 the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. FUTURE OF ADVANCED AGRICULTURAL RESEARCH IN
1.7MINNESOTA.
1.8 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds
1.9fund to the Board of Regents of the University of Minnesota for land acquisition, site
1.10preparation, predesign, design, and preconstruction activities for new education, research,
1.11animal housing, equipment storage, and associated support facilities in Mower County for
1.12the Future of Advanced Agricultural Research in Minnesota (FAARM) program. This
1.13appropriation is for the initial phase of the project, and any remaining funds after completion
1.14of this phase may be used for later phases of this project, including preconstruction and
1.15construction.
1.16 Subd. 2.University share.The appropriation in this section is intended to cover
1.17approximately two-thirds of the costs of this phase of the project. The remaining project
1.18costs must be paid from university sources.
1.19 Subd. 3.Bond sale.To provide the money appropriated in this section from the bond
1.20proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.21the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect
1.22prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.23Constitution, article XI, sections 4 to 7.
1Section 1.
25-03223 as introduced02/05/25 REVISOR JSK/AC
SENATE
STATE OF MINNESOTA
S.F. No. 1263NINETY-FOURTH SESSION
(SENATE AUTHORS: DORNINK, Dahms, Weber, Boldon and Draheim)
OFFICIAL STATUSD-PGDATE
Introduction and first reading02/13/2025
Referred to Capital Investment 2.1 EFFECTIVE DATE.This section is effective the day following final enactment.
2Section 1.
25-03223 as introduced02/05/25 REVISOR JSK/AC