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Bill > HF3928


MN HF3928

MN HF3928
University of Minnesota; Higher Education Asset Preservation and Replacement funding provided, bonds issued, and money appropriated.


summary

Introduced
03/05/2026
In Committee
03/05/2026
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for Higher Education Asset Preservation and Replacement at the University of Minnesota; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $100,000,000 from the bond proceeds fund to the Board of Regents of the University of Minnesota for Higher Education Asset Preservation and Replacement (HEAPR), which refers to the maintenance and upgrading of university facilities, as outlined in Minnesota Statutes, section 135A.046. To secure these funds, the commissioner of management and budget is authorized to sell and issue state bonds up to that amount, following established state laws and constitutional provisions governing bond sales.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Capital Investment (on 03/05/2026)

bill text


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