Upon the determination by the board or its successor to acquire, construct, complete, remodel, or equip any student residence halls, dormitories, dining halls, student union buildings, parking facilities, or other similar revenue-producing building or buildings, the board or its successor shall adopt a resolution describing generally the contemplated project, the estimated cost, including legal, engineering and financial expenses and interest on the bonds during the period of constructing the project and for six months thereafter, fixing the amount of the bonds, the maturity or maturities, the interest rate, and all details in respect of the bonds. The resolution shall contain covenants as may be determined by the board or its successor as to:
(1) the pledging of all or any portion of the proceeds of any fees imposed upon students for student activities, student facilities, or for other purposes, and the net revenues from other buildings or facilities heretofore or hereafter constructed or acquired at any state university as additional security for the payment of the bonds;
(2) the regulation as to the use of the buildings or structures to assure maximum use or occupancy;
(3) the amount and kind of insurance to be carried, including use and occupancy insurance, the cost of which shall be payable only from the revenues to be derived from the buildings or structures;
(4) the operation, maintenance, management, accounting and auditing, and the keeping of records, reports and audits of the buildings or structures;
(5) the obligation of the board or its successor to maintain the buildings or structures in good condition and to operate them in an economical and efficient manner;
(6) the amendment or modification of the resolution authorizing the issuance of any bonds, and the manner, terms and conditions, and the amount or percentage of assenting bonds necessary to effectuate the amendment or modification; and
(7) other covenants as may be deemed necessary or desirable to assure the prompt and punctual payment of all bonds issued under sections 136F.90 to 136F.98.
1955 c 715 s 3; 1957 c 576 s 1,2; 1975 c 321 s 2; 1994 c 532 art 6 s 3,12; 1995 c 212 art 4 s 58,64,65; 1996 c 305 art 1 s 130,131; 2014 c 149 s 64
Structure Minnesota Statutes
Chapters 135A - 137 — Postsecondary Education
Chapter 136F — Minnesota State Colleges And Universities
Section 136F.01 — Definitions.
Section 136F.02 — Board Of Trustees.
Section 136F.03 — Candidate Advisory Council.
Section 136F.04 — Student Board Member Selection.
Section 136F.045 — Labor Organization Board Member Selection Process.
Section 136F.06 — Powers And Duties.
Section 136F.10 — Designation.
Section 136F.12 — Fond Du Lac Campus.
Section 136F.14 — Campus Merger Or Reorganization.
Section 136F.16 — Campus Establishment.
Section 136F.18 — Campus Closing.
Section 136F.19 — Power Of You Program.
Section 136F.20 — Student Health.
Section 136F.202 — Student Success Basic Needs Barrier Reduction.
Section 136F.22 — Student Associations.
Section 136F.23 — Student Associations; Purchasing Authority.
Section 136F.24 — Legal Counseling And Service Program; Funding.
Section 136F.25 — Absence For Chemical Abuse Treatment.
Section 136F.28 — Southwest Asia Veterans; Technical Colleges.
Section 136F.30 — Courses And Programs.
Section 136F.301 — Maximum Credit For Graduation; Waiver Reporting.
Section 136F.302 — Regulating The Assignment Of Students To Remedial Courses.
Section 136F.303 — Degree And Certificate Completion; Report.
Section 136F.31 — Centers Of Excellence.
Section 136F.32 — Degrees; Diplomas; Certificates.
Section 136F.36 — Technical College Carpentry Program Construction Authority.
Section 136F.361 — Career And Technical Education Certification And Licensure.
Section 136F.37 — Job Placement Impact On Program Review; Information To Students.
Section 136F.38 — Workforce Development Scholarships.
Section 136F.40 — Appointment Of Personnel.
Section 136F.41 — Assignment To Bargaining Units.
Section 136F.42 — Personnel Management.
Section 136F.43 — Extended Leaves Of Absence.
Section 136F.44 — Administrative Interaction With Students.
Section 136F.46 — Nonprofit Foundation Payroll Deduction.
Section 136F.47 — Pension Plan.
Section 136F.48 — Employer-paid Health Insurance.
Section 136F.481 — Early Separation Incentive Program.
Section 136F.50 — Cooperation Or Promotion Of A State College Or University.
Section 136F.52 — Local Advisory Committees.
Section 136F.53 — Parking And Traffic Regulation.
Section 136F.54 — Student Housing Management.
Section 136F.58 — Bookstores; Course Material Acquisition.
Section 136F.581 — Purchases And Contracts.
Section 136F.59 — Technical Equipment.
Section 136F.595 — Statewide Electronic Infrastructure; Portfolio Solutions.
Section 136F.60 — College And University Sites; Acquisition.
Section 136F.61 — State Building Code.
Section 136F.64 — Construction, Improvement, And Repair Of Facilities.
Section 136F.65 — Acceptance Of Federal Money.
Section 136F.66 — Capital Projects Bidding Procedures.
Section 136F.67 — Financing Of Child Care; Parking.
Section 136F.68 — State Property Agreements.
Section 136F.70 — Tuition; Fees; Activities Funds.
Section 136F.701 — Refund Of Tuition.
Section 136F.705 — Undergraduate Tuition Guarantee Plan.
Section 136F.73 — Cash Over And Short Account Of Imprest Cash Fund.
Section 136F.74 — Carryover Authority.
Section 136F.76 — Litigation Awards.
Section 136F.77 — Equity Investments.
Section 136F.79 — Sole State Agency.
Section 136F.80 — Grants; Gifts; Bequests; Devises; Endowments.
Section 136F.81 — Transfer Of Gifts.
Section 136F.90 — Board Of Trustees Duties.
Section 136F.91 — Bonds, Investments.
Section 136F.92 — Resolution Of Board.
Section 136F.93 — Student Activities, Fees Charged.
Section 136F.94 — Special Revenue Fund.
Section 136F.95 — Allocation Of Receipts.
Section 136F.96 — Administration.
Section 136F.97 — Contracts Of Board, Performance Compelled.