Minnesota SF4982 authorizes a lease-purchase agreement and issuance of certificates to fund MAXIS system improvements.
Minnesota SF4982 authorizes the commissioner to enter into a lease-purchase agreement for the MAXIS project, which involves the development, acquisition, installation, and implementation of a modernization plan or replacement of the state's MAXIS system. The bill allows for the sale and issuance of certificates of participation to fund these improvements. It specifies that proceeds from the lease-purchase agreement and certificates must be credited to the MAXIS lease project fund.
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