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ND HB1139
Bill
Status
6/16/2015
Primary Sponsor
Appropriations Committee
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AI Summary
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Authorizes the State Board of Higher Education to issue up to $9,600,000 in self-liquidating, tax-exempt revenue bonds beginning January 6, 2015 through June 30, 2017, with $6,100,000 for Woods Hall improvements and $3,500,000 for acquiring Miller Apartments, Altringer Apartments, and Bosch Apartments for student housing at Dickinson State University
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Appropriates $11,500,000 in special funds derived from federal funds, bond proceeds, and other income for capital assets at Dickinson State University for the improvement and student housing acquisition projects
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Specifies that issued bonds are not a general obligation of North Dakota and any unexpended bond proceeds must be placed in a sinking fund for debt retirement
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Declares the Act an emergency measure
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Passed with strong support: House vote 74-16 (with 4 absent) and Senate vote 46-0 (with 1 absent)
Legislative Description
AN ACT to authorize the issuance of revenue bonds for improvements to Woods Hall on the Dickinson state university campus and for acquiring properties for student housing near the campus; to provide an appropriation for defraying the expenses of improvements to Woods Hall and for acquiring properties for student housing near the campus; and to declare an emergency.
Last Action
Signed by Governor 04/29
6/16/2015