Minnesota HF1245 appropriates $200,000,000 for the University of Minnesota's Higher Education Asset Preservation and Replacement from bond proceeds.

Minnesota HF1245 allocates $200,000,000 from bond proceeds to the University of Minnesota's Higher Education Asset Preservation and Replacement (HEAPR) fund. The Board of Regents will manage these funds in line with Minnesota Statutes, section 135A.046. The commissioner of management and budget is authorized to sell and issue state bonds up to $200,000,000, following the terms outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and the Minnesota Constitution, article XI, sections 4 to 7. This appropriation becomes effective the day after the bill's final enactment.

Minnesota HF1245 appropriates $200,000,000 for the University of Minnesota's Higher Education Asset Preservation and Replacement from bond proceeds.

Minnesota HF1245 allocates $200,000,000 from bond proceeds to the University of Minnesota's Higher Education Asset Preservation and Replacement (HEAPR) fund. The Board of Regents will manage these funds in line with Minnesota Statutes, section 135A.046. The commissioner of management and budget is authorized to sell and issue state bonds up to $200,000,000, following the terms outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and the Minnesota Constitution, article XI, sections 4 to 7. This appropriation becomes effective the day after the bill's final enactment.