Bill > SF1958

This bill appropriates $552,348,000 from bond proceeds to the Minnesota State Colleges and Universities (MnSCU) Board of Trustees for various higher education infrastructure and improvement projects across multiple campuses. The funding is divided into specific allocations for different colleges and universities, including $200 million for Higher Education Asset Preservation and Replacement (HEAPR), which is a standard maintenance and renovation program. Notable projects include renovating and replacing buildings at Saint Paul College, Minnesota State University Mankato, Winona State University, and several community and technical colleges. The projects focus on updating classroom and lab spaces, student services areas, and demolishing outdated buildings. The bill also specifies that the Board of Trustees will be responsible for paying one-third of the debt service on the bonds, with some exceptions for HEAPR funding. Any unspent funds from completed projects must be redirected to HEAPR efforts at the same campus, and the Board is required to report on the allocation of these remaining funds. The bill authorizes the commissioner of management and budget to sell state bonds to fund these investments, with an effective date of the day following final enactment.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1958&ssn=0&y=2025