Bill > HF3438

This bill appropriates $84,000,000 from the sale of state bonds to the University of Minnesota for capital improvements on its Saint Paul campus, specifically for the predesign, design, renovation, construction, furnishing, and equipping of a new campus center, which includes costs for site preparation, hazardous materials removal, and utility infrastructure upgrades. The bill specifies that this appropriation is intended to cover approximately two-thirds of the project's total cost, with the remaining one-third to be funded by the University itself. To secure these funds, the commissioner of management and budget is authorized to sell and issue state bonds in an amount up to $84,000,000, following established state procedures and constitutional requirements for bond sales.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/HF/3438/