1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the Minnesota BioImaging
1.3 Center of the Hormel Institute; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MINNESOTA BIOIMAGING CENTER.
1.6 Subdivision 1.Appropriation.$18,120,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8Austin Port Authority to construct, renovate, and equip a new Minnesota BioImaging Center
1.9of the Hormel Institute of the University of Minnesota-Mayo Clinic collaboration for
1.10biomedical and cancer research.
1.11 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13the state in an amount up to $18,120,000 in the manner, upon the terms, and with the effect
1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15Constitution, article XI, sections 4 to 7.
1.16 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-00908 as introduced12/05/24 REVISOR JSK/EH
SENATE
STATE OF MINNESOTA
S.F. No. 357NINETY-FOURTH SESSION
(SENATE AUTHORS: DORNINK)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/21/2025
Referred to Capital Investment