HF1245 (Legislative Session 94 (2025-2026))
University of Minnesota; Higher Education Asset Preservation and Replacement funding provided, bonds issued, and money appropriated.
Related bill: SF1463
AI Generated Summary
This bill, H.F. No. 1245, is a capital investment measure appropriating $200 million for the University of Minnesota's Higher Education Asset Preservation and Replacement (HEAPR) projects. The funds come from state bond proceeds and will be used in accordance with Minnesota Statutes, Section 135A.046. To finance this appropriation, the commissioner of management and budget is authorized to sell and issue up to $200 million in state bonds following relevant Minnesota statutes and constitutional provisions.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 19, 2025 | House | Floor | Action | Introduction and first reading, referred to | Capital Investment |
| March 05, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Authorization of a specific dollar amount for HEAPR from bond proceeds."
],
"removed": [],
"summary": "This section appropriates funds for the Higher Education Asset Preservation and Replacement (HEAPR) at the University of Minnesota under section 135A.046.",
"modified": []
},
"citation": "135A.046"
},
{
"analysis": {
"added": [
"Define the terms and method for bond issuance."
],
"removed": [],
"summary": "This section authorizes the sale and issuance of state bonds to fund the appropriations in the bill, following financial procedures outlined in sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "16A.631 to 16A.675"
}
]