SF1463

SF1463 (Legislative Session 94 (2025-2026))

Higher Education Asset Preservation and Replacement at the University of Minnesota appropriation

Related bill: HF1245

AI Generated Summary

This bill, identified as S.F. No. 1463, proposes to allocate $200,000,000 in state bonds for the purpose of preserving and replacing assets at the University of Minnesota. This is part of an effort, known as HEAPR (Higher Education Asset Preservation and Replacement), to maintain and improve the university's facilities. The bill requires the Commissioner of Management and Budget to issue these state bonds to fund the project.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 16, 2025	Senate	Floor	Action	Introduction and first reading
February 16, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [
        "A new allocation of bond funds to the University of Minnesota was introduced."
      ],
      "removed": [],
      "summary": "Appropriation of bond funds for the University of Minnesota in accordance with section 135A.046.",
      "modified": []
    },
    "citation": "135A.046"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Bond sale and issuance according to sections 16A.631 to 16A.675.",
      "modified": [
        "Defines terms and conditions for bond issuance."
      ]
    },
    "citation": "16A.631 to 16A.675"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Constitutional provisions regarding state debt and bond issuance are referenced.",
      "modified": []
    },
    "citation": "Minnesota Constitution article XI, sections 4 to 7"
  }
]