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 that appropriates $200 million from the bond proceeds fund to the Board of Regents of the University of Minnesota for Higher Education Asset Preservation and Replacement (HEAPR). The funds will be used in accordance with Minnesota Statutes, section 135A.046. To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to $200 million under the guidelines of Minnesota Statutes and the state constitution.
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 |
| 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": [
"Specific appropriations for asset preservation."
],
"removed": [],
"summary": "This bill appropriates funds for the University of Minnesota's higher education asset preservation and replacement, as outlined in section 135A.046.",
"modified": []
},
"citation": "135A.046",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section specifies the general procedures for issuing bonds.",
"modified": []
},
"citation": "16A.631",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section outlines additional bond sale and issuance details.",
"modified": []
},
"citation": "16A.675",
"subdivision": ""
}
]