MN HF3472

Raises the aggregate principal amount cap for revenue bonds issued by the Board of Trustees of the Minnesota State Colleges and Universities from $200,000,000 to $300,000,000.

Authorizes use of bond proceeds to acquire land and construct, complete, remodel, and equip structures for dormitories, residence halls, student unions, food service facilities, parking facilities, and other similar revenue-producing buildings.

Requires the Board of Trustees to consult with and obtain advisory recommendations from the chairs of the House Ways and Means Committee and the Senate Finance Committee before issuing bonds or any part thereof.

Bonds are payable from revenue appropriated to the fund established by section 136F.94.