MN SF3698

$4,520,000 is appropriated from the bond proceeds fund to the commissioner of administration for capital asset preservation improvements and betterments at both campuses of the Minnesota State Academies.

Spending must comply with Minnesota Statutes, section 16B.307.

The commissioner of management and budget is authorized to sell and issue state bonds up to $4,520,000 to fund the appropriation.

Bond issuance procedures shall follow Minnesota Statutes, sections 16A.631 to 16A.675, and Minnesota Constitution, article XI, sections 4 to 7.

The section becomes effective the day following final enactment.