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Home > News > Financially Responsible Bonding Plan To Position Minnesota For Future Growth

January 19th, 2010

Financially Responsible Bonding Plan To Position Minnesota For Future Growth

Abstract:
Governor Tim Pawlenty today released a financially responsible bonding proposal for the 2010 legislative session focusing on statewide priorities that will position Minnesota for future growth.

The proposal calls for $685 million in general obligation bonding, with a total of $815 million when user-financed bonds, trunk highway bonds, University of Minnesota and MnSCU bonds, and cash amounts are included.

Higher education accounts for the largest portion of the Governor's proposed bonding bill at 30 percent. Major campus projects include $80 million for a physics and nanotechnology building at the University of Minnesota... $53.3 million for a five-story, 155,000 square foot facility to house the University's physics and nanotechnology programs. The new facility would house a 5,000 square foot "clean room" dedicated to nanotechnology research, flexible research laboratories and student meeting space. The University will provide $26.7 million in funds for the project, which totals $80 million.

Source:
thegovmonitor.com

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