Minnesota BioImaging Center of the Hormel Institute receives $18,120,000 for construction and equipment through state bond issuance.

The bill appropriates $18,120,000 from bond proceeds to the commissioner of employment and economic development for a grant to the Austin Port Authority. This funding is intended to construct, renovate, and equip a new Minnesota BioImaging Center of the Hormel Institute, a collaboration between the University of Minnesota and Mayo Clinic for biomedical and cancer research. The commissioner of management and budget is authorized to sell and issue state bonds up to the appropriated amount, in accordance with Minnesota Statutes and the state constitution.

Minnesota BioImaging Center of the Hormel Institute receives $18,120,000 for construction and equipment through state bond issuance.

The bill appropriates $18,120,000 from bond proceeds to the commissioner of employment and economic development for a grant to the Austin Port Authority. This funding is intended to construct, renovate, and equip a new Minnesota BioImaging Center of the Hormel Institute, a collaboration between the University of Minnesota and Mayo Clinic for biomedical and cancer research. The commissioner of management and budget is authorized to sell and issue state bonds up to the appropriated amount, in accordance with Minnesota Statutes and the state constitution.