Minnesota SF3966 appropriates $100,000,000 for Higher Education Asset Preservation and Replacement at the University of Minnesota.
Minnesota SF3966 appropriates $100,000,000 from bond proceeds for the University of Minnesota's Higher Education Asset Preservation and Replacement fund. The funds will be spent according to Minnesota Statutes, section 135A.046. The commissioner of management and budget is authorized to sell and issue state bonds up to $100,000,000 to provide the appropriated money. The bond sale is governed by Minnesota Statutes, sections 16A.631 to 16A.675, and the Minnesota Constitution, article XI, sections 4 to 7. The appropriation becomes effective the day following final enactment.
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