1.1 A bill for an act
1.2 relating to capital investment; appropriating money for campus improvements at
1.3 Ridgewater College; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. RIDGEWATER COLLEGE.
1.6 Subdivision 1.Appropriation.$8,268,000 is appropriated from the bond proceeds fund
1.7to the Board of Trustees of the Minnesota State Colleges and Universities to design, renovate,
1.8and equip space for electrician, automation, nursing, allied health, and early childhood
1.9programs, as well as general classroom and student services space, at the Hutchinson campus
1.10of Ridgewater College.
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 $8,268,000 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.
25-01398 as introduced12/16/24 REVISOR JSK/KR
SENATE
STATE OF MINNESOTA
S.F. No. 415NINETY-FOURTH SESSION
(SENATE AUTHORS: GRUENHAGEN)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/21/2025
Referred to Capital Investment