SF516 (Legislative Session 94 (2025-2026))
University of Minnesota-Duluth Academic Health Center facility bond issue and appropriation
Related bill: HF1508
AI Generated Summary
Purpose
- The bill proposes funding for a new Academic Health Center facility at the University of Minnesota Duluth (UMD), specifically for the Duluth College of Pharmacy and Medical School. The project would be colocated in the emerging Medical District in downtown Duluth. The funding would come from state bond proceeds.
Main Provisions
- Subdivision 1 – Appropriation: The bill appropriates 15,000,000 dollars from the bond proceeds fund to the University of Minnesota Board of Regents. The money is for predesign, design, and preconstruction services for the new Academic Health Center facility at UMD, intended for the Duluth College of Pharmacy and Medical School and its location in downtown Duluth’s Medical District.
- Subdivision 2 – Bond Sale: The money appropriated will come from the sale and issuance of state bonds up to 15,000,000 dollars. The bond issuance would follow the terms and effects described by Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).
Effects and Context
- This bill authorizes a new capital investment and debt-financed project for UMD, adding a specific funding path (bond proceeds) for the planning and initial construction work of the Academic Health Center facility.
- It does not provide ongoing operating funds; instead, it creates funding and debt authority to advance the project through planning and early construction stages.
Significant Changes to Existing Law
- Establishes a new specific appropriation of 15,000,000 dollars from the bond proceeds fund for a UMD health sciences facility.
- Adds authorization for the state to issue bonds up to 15,000,000 dollars to finance this project, in line with applicable state statute and constitutional provisions governing bond sales.
Relevant Terms - bond proceeds fund - Board of Regents of the University of Minnesota - University of Minnesota Duluth (UMD) - Academic Health Center facility - Duluth College of Pharmacy and Medical School - Medical District - predesign - design - preconstruction services - bond sale / bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7 - capital investment / bonding
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 23, 2025 | Senate | Action | Introduction and first reading | ||
| January 23, 2025 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section authorizes a state bond sale of up to $15,000,000 for the University of Minnesota Duluth Academic Health Center facility and provides that the bond issuance be conducted in the manner and with the effect prescribed by Minnesota Statutes sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "Minnesota Statutes sections 16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee