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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.

Sponsor
Rest, Dahms, Putnam, Frentz, Duckworth
Last action
2026-02-26
Official status
Introduction and first reading
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

What This Bill Does

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

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 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.
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UNIVERSITY OF MINNESOTA; HIGHER EDUCATION ASSET

PRESERVATION AND REPLACEMENT.
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Subdivision 1.

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Appropriation.

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$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.

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Subd. 2.

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Bond sale.

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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.

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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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