1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for St. Cloud Technical 
1.3 	College land purchase; authorizing the issuance of general obligation bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION; MINNESOTA STATE COLLEGES AND 
1.6 	UNIVERSITIES BOARD OF TRUSTEES.
 1.7 	$3,400,000 is appropriated from the bond proceeds fund to the Board of Trustees of 
1.8 	the Minnesota State Colleges and Universities to purchase land and buildings from the 
1.9 	Central Minnesota Health Plan Board for St. Cloud Technical College to meet enrollment 
1.10 	growth and provide up-to-date science laboratories and classrooms.

1.11 	Sec. 2. BOND SALE.
 1.12 	To provide the money appropriated by section 1 from the bond proceeds fund, 
1.13 	the commissioner of finance shall sell and issue bonds of the state in an amount up to 
1.14 	$3,400,000 in the manner, on the terms, and with the effect prescribed by Minnesota 
1.15 	Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, 
1.16 	sections 4 to 7.

1.17 	Sec. 3. EFFECTIVE DATE.
 1.18 	Sections 1 and 2 are effective the day following final enactment.