Minnesota SF1958 appropriates $552,348,000 for higher education projects at Minnesota State Colleges and Universities.
Minnesota SF1958 appropriates $552,348,000 from the bond proceeds fund for various higher education projects at Minnesota State Colleges and Universities. These projects include renovations, construction, and equipping of facilities at multiple colleges. For example, Alexandria Technical and Community College will receive funds to renovate student services space and construct a new Transportation Center. The Board of Trustees is responsible for paying debt service on one-third of the principal amount of state bonds sold to finance these projects.
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