This bill appropriates $84,000,000 from the bond proceeds fund to the University of Minnesota for the purpose of predesigning, designing, renovating, constructing, furnishing, and equipping a new campus center on the Saint Paul campus. The funding will also cover site preparation, hazardous materials abatement, and the relocation or expansion of related utility infrastructure. The bill specifies that this appropriation is intended to cover approximately two-thirds of the total project costs, with the remaining costs to be funded by university sources.

To finance the appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $84,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The bill will take effect the day after it is enacted.