1.1.................... moves to amend H. F. No. 3722, the delete everything amendment
1.2(H3722DE6), as follows:
1.3Page 15, after line 15, insert:

1.4    "Sec. 24. Minnesota Statutes 2006, section 136F.90, subdivision 1, is amended to read:
1.5    Subdivision 1. Duties. For the state colleges and universities, the Board of Trustees
1.6of the Minnesota State Colleges and Universities may:
1.7    (1) acquire by purchase or otherwise, construct, complete, remodel, equip, operate,
1.8control, and manage residence halls, dormitories, dining halls, student union buildings,
1.9parking facilities, and any other similar revenue-producing buildings of such type and
1.10character as the board finds necessary for the good and benefit of the state colleges and
1.11universities, and may acquire property whether real, personal, or mixed, by gift, purchase,
1.12or otherwise; provided that no contract for the construction of any building shall be
1.13entered into until financing has been approved by the legislature;
1.14    (2) maintain and operate any buildings or structures and charge for their use, and
1.15conduct any activities that are commonly conducted in connection with the buildings
1.16or structures;
1.17    (3) enter into contracts for the purposes of sections 136F.90 to 136F.98;
1.18    (4) acquire building sites and buildings or structures by gift, purchase, or otherwise
1.19and pledge the revenues from them for the payment of any bonds issued for that purpose
1.20as provided in sections 136F.90 to 136F.98;
1.21    (5) borrow money and issue and sell bonds in an amount or amounts the legislature
1.22authorizes for the purpose of acquiring, constructing, completing, remodeling, or
1.23equipping any buildings or structures, and acquiring sites, and refund and refinance the
1.24bonds by the issuance and sale of refunding bonds when the board finds that it is in
1.25the public interest. The bonds shall be sold and issued by the board in the manner and
1.26upon the terms and conditions provided by chapter 475, except as otherwise provided in
1.27this section. The bonds are payable only from and secured by an irrevocable pledge of
2.1the revenues to be derived from the operation of any buildings or structures acquired,
2.2constructed, completed, remodeled, or equipped in whole or in part with the proceeds of
2.3the bonds and from other income and revenues described in section 136F.92, clause (1),
2.4the board by resolution specifies, and notwithstanding this limitation all bonds issued
2.5under sections 136F.90 to 136F.98 shall have the qualities of negotiable instruments under
2.6the laws of this state. The legislature shall not appropriate money from the general fund
2.7to pay for these bonds."
2.8Renumber the sections in sequence and correct the internal references
2.9Amend the title accordingly