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

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 grant will fund the construction, renovation, and equipment of the 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, following the terms prescribed by Minnesota Statutes and the state Constitution.

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

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 grant will fund the construction, renovation, and equipment of the 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, following the terms prescribed by Minnesota Statutes and the state Constitution.