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Minn. Legislature Passes $498M In Bonding Projects

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Minnesota House, Republicans, GOP, session, 2011

(credit: CBS)

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ST. PAUL, Minn. (AP) — The Minnesota Legislature has approved $498 million in state borrowing for construction projects including $131 million for the Minnesota Colleges and University system and another $88 million for University of Minnesota campuses.

The decision to issue construction bonds was part of a larger budget deal between Democratic Gov. Mark Dayton and Republican legislators to end a state government shutdown. Republicans had previously resisted widespread bonding this year but Dayton had argued it would help create jobs.

The package includes $51 million for a new physics building at the University of Minnesota, $42 million for a new science and engineering laboratory at St. Cloud State University, $50 million for flood control projects around the state, and $56 million for transportation projects with more than half to local bridge replacement and repairs.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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