1.2relating to capital improvements; appropriating money for asset preservation at
1.3the University of Minnesota and the Minnesota State Colleges and Universities;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6    Section 1. APPROPRIATION; BOARD OF REGENTS.
1.7$40,000,000 is appropriated from the bond proceeds fund to the Board of Regents of
1.8the University of Minnesota for higher education asset preservation and replacement to be
1.9spent in accordance with Minnesota Statutes, section 135A.046.

1.10    Sec. 2. APPROPRIATION; BOARD OF TRUSTEES.
1.11    $60,000,000 is appropriated from the bond proceeds fund to the Board of Trustees of
1.12the Minnesota State Colleges and Universities for higher education asset preservation and
1.13replacement to be spent in accordance with Minnesota Statutes, section 135A.046.

1.14    Sec. 3. BOND SALE.
1.15To provide the money appropriated in sections 1 and 2 from the bond proceeds
1.16fund, the commissioner of finance shall sell and issue bonds of the state in an amount
1.17up to $100,000,000 in the manner, upon the terms, and with the effect prescribed by
1.18Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
1.19article XI, sections 4 to 7.

1.20    Sec. 4. EFFECTIVE DATE.
1.21Sections 1 to 3 are effective the day following final enactment.