MN HF3668

$12,000,000 is appropriated from the bond proceeds fund to the commissioner of natural resources for construction of Drill Core Library Building #4 and associated facility components in Hibbing.

Upon substantial completion of the project, any remaining appropriated money may be used for asset preservation under Minnesota Statutes, section 84.946.

The commissioner of management and budget is authorized to sell and issue state bonds up to $12,000,000 to provide the appropriated funds.

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

The bill becomes effective the day following final enactment.