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MN HF3563

Bill

Official Source

Status

Introduced

3/8/2018

Primary Sponsor

Mike Sundin

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Creates new statute 136F.75 requiring the Board of Trustees of the Minnesota State Colleges and Universities to pay at least one-half of debt service costs from the systemwide budget
  • Applies to debt service on principal amounts of state general obligation bonds sold to finance legislature-authorized projects
  • Authored by Representative Sundin and referred to the Committee on Higher Education and Career Readiness Policy and Finance during the Ninetieth Session

Legislative Description

Minnesota State Colleges and Universities Board of Trustees payments required for debt service on state-issued bonds.

Last Action

Author added Bly

3/26/2018

Committee Referrals

Higher Education and Career Readiness Policy and Finance3/8/2018

Full Bill Text

No bill text available