Bill

Bill > HF1178


MN HF1178

MN HF1178
University of Minnesota; Mower County FAARM program funding provided, bonds issued, and money appropriated.


summary

Introduced
02/19/2025
In Committee
02/19/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money to the University of Minnesota for capital improvements in Mower County for the FAARM program; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $20 million in state bond funding to the University of Minnesota for the Future of Advanced Agricultural Research in Minnesota (FAARM) program located in Mower County. The appropriation will support the initial phase of the project, which includes land acquisition, site preparation, predesign, design, and preconstruction activities for new facilities such as education and research spaces, animal housing, equipment storage, and support facilities. The state funding is intended to cover approximately two-thirds of the project's costs, with the remaining expenses to be paid by the university. The commissioner of management and budget is authorized to sell and issue state bonds up to $20 million to provide the funding, following established state bonding procedures outlined in Minnesota statutes and the state constitution. The bill becomes effective the day after it is enacted, allowing the University of Minnesota to proceed with the first phase of the FAARM program development.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Capital Investment (on 02/19/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...