Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
SF3966 • 2026
Higher Education Asset Preservation and Replacement at the University of Minnesota bond issue and appropriation
Higher Education Asset Preservation and Replacement at the University of Minnesota bond issue and appropriation
Budget
Education
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
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2026-02-26
House
Introduction and first reading
Official Summary Text
Higher Education Asset Preservation and Replacement at the University of Minnesota bond issue and appropriation
Current Bill Text
Read the full stored bill text
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. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. new text begin UNIVERSITY OF MINNESOTA; HIGHER EDUCATION ASSET PRESERVATION AND REPLACEMENT. new text end new text begin Subdivision 1. new text end new text begin Appropriation. new text end new text begin $100,000,000 is appropriated from the bond proceeds fund to the Board of Regents of the University of Minnesota for Higher Education Asset Preservation and Replacement (HEAPR), to be spent in accordance with Minnesota Statutes, section 135A.046. new text end new text begin Subd. 2. new text end new text begin Bond sale. new text end new text begin To provide the money appropriated in this section from the bond proceeds fund, the commissioner of management and budget shall sell and issue bonds of the state in an amount up to $100,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7. new text end new text begin EFFECTIVE DATE. new text end new text begin This section is effective the day following final enactment. new text end