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MN SF5086

Bill

Status

Introduced

3/20/2024

Primary Sponsor

Ann Rest

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • $500,000,000 is appropriated from the bond proceeds fund to the Board of Regents of the University of Minnesota for Higher Education Asset Preservation and Replacement (HEAPR)

  • Funds must be spent in accordance with Minnesota Statutes, section 135A.046

  • Commissioner of management and budget is authorized to sell and issue state bonds up to $500,000,000 to provide the appropriated funds

  • Bond sale and issuance governed by Minnesota Statutes, sections 16A.631 to 16A.675, and Minnesota Constitution, article XI, sections 4 to 7

  • Effective the day following final enactment

Legislative Description

Higher Education Asset Preservation and Replacement (HEAPR) at the University of Minnesota bond issuance and appropriation

Last Action

Referred to Capital Investment

3/20/2024

Committee Referrals

Capital Investment3/20/2024

Full Bill Text

No bill text available