Minnesota legislation · 94th Legislature 2025-2026
Minnesota SF5272: City of Austin Hormel Institute Bioimaging Center bond issue and appropriation
Status: In committee, May 7, 2026
What the bill says
A bill for an act relating to capital investment; appropriating money for the Bioimaging Center at the Hormel Institute in Austin; authorizing the sale and issuance of state bonds. new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Appropriation.] new text end new text begin [ADDED: $5,000,000 is appropriated from the bond proceeds fund to the commissioner of employment and economic development for a grant to the Austin Port Authority to design, construct, furnish, and equip the renovation of space at the Hormel Institute facility in the city of Austin, a learning labor.
From the introduced text, May 6, 2026:
A bill for an act relating to capital investment; appropriating money for the Bioimaging Center at the Hormel Institute in Austin; authorizing the sale and issuance of state bonds. new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Appropriation.] new text end new text begin [ADDED: $5,000,000 is appropriated from the bond proceeds fund to the commissioner of employment and economic development for a grant to the Austin Port Authority to design, construct, furnish, and equip the renovation of space at the Hormel Institute facility in the city of Austin, a learning laboratory for workforce development, kindergarten through grade 12 engagement, and professional training in STEM and bioimaging education.] new text end new text begin [ADDED: Subd. 2.] new text end new text begin [ADDED: Bond sale.] new text end new text begin [ADDED: To provide the money appropriated in this section from the bond proceeds fund, the commissioner of management and budget shall sell and issue bonds of the state in an amount up to $5,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7.] new text end new text begin [ADDED: EFFECTIVE DATE.] new text end new text begin [ADDED: This section is effective …