MN SF2995

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

Bonds are payable from revenue appropriated to the fund established by section 136F.94 and can be combined with other public or private money

Bond proceeds can finance acquisition and construction of dormitories, residence halls, student unions, food service facilities, parking, and other similar revenue-producing buildings

Board of Trustees must consult with and obtain advisory recommendations from the chairs of the House Ways and Means Committee and Senate Finance Committee before issuing bonds

Amends Minnesota Statutes 2009 Supplement, section 136F.98, subdivision 1