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March 27th, 2010
The Capital Investment Bill, which will invest $680 million into construction projects around the state, was recently signed into law. Commonly known as "bonding," capital investment is the process by which the state issues bonds to fund public projects that have a state or regional significance. This funding goes towards a variety of projects across the state, including improvements to higher education buildings, roads and bridges, veterans' homes, and trails.
* University of Minnesota. The U will receive just under $90 million in bonding funds. The projects include Higher Education Asset Preservation and Replacement projects, general laboratory renovation, Folwell Hall improvements, and funding to start the planning process on a new Physics and Nanotechnology building.
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