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PAG LIN
1 1 SENATE CONCURRENT RESOLUTION NO. ___
1 2 BY DVORSKY, BLACK, BOLKCOM, CONNOLLY,
1 3 DELUHERY, FINK, FLYNN, FRAISE, HARPER,
1 4 KIBBIE, McCOY, SHEARER, GRONSTAL, and SZYMONIAK
1 5 A Concurrent Resolution relating to the state board of
1 6 regents five-year building program.
1 7 WHEREAS, pursuant to section 262A.3, the state
1 8 board of regents prepared and within seven days after
1 9 the convening of the Seventy-eighth General Assembly
1 10 of the State of Iowa, Second Session, submitted to the
1 11 Seventy-eighth General Assembly, Second Session, for
1 12 approval, the proposed five-year building program for
1 13 each institution of higher learning under the
1 14 jurisdiction of the board, containing a list of the
1 15 buildings and facilities which the board deems
1 16 necessary to further the educational objectives of the
1 17 institutions, together with an estimate of the cost of
1 18 each of the buildings and facilities and an estimate
1 19 of the maximum amount of revenue bonds which the board
1 20 expects to issue under chapter 262A for the fiscal
1 21 period beginning July 1, 2000, and ending June 30,
1 22 2002; and
1 23 WHEREAS, the projects contained in the capital
1 24 improvement program are deemed necessary for the
1 25 proper performance of the instructional, research, and
1 26 service functions of the institutions; and
1 27 WHEREAS, section 262A.4 provides that the state
1 28 board of regents, after authorization by a
1 29 constitutional majority of each house of the general
1 30 assembly and approval by the governor, may undertake
2 1 and carry out at the institutions of higher learning
2 2 under the jurisdiction of the board any project as
2 3 defined in chapter 262A; and
2 4 WHEREAS, chapter 262A authorizes the state board of
2 5 regents to borrow money and to issue and sell
2 6 negotiable revenue bonds to pay all or any part of the
2 7 costs of carrying out projects at any institution
2 8 payable solely from and secured by an irrevocable
2 9 pledge of a sufficient portion of the student fees and
2 10 charges and institutional income received by the
2 11 particular institution; and
2 12 WHEREAS, to further the educational objectives of
2 13 the institutions, the state board of regents requests
2 14 authorization to undertake and carry out certain
2 15 projects at this time and to finance the projects'
2 16 costs by borrowing money and issuing negotiable bonds
2 17 under chapter 262A in the total amount set forth in
2 18 this resolution, the remaining costs of the projects
2 19 to be financed by appropriations or by federal or
2 20 other funds lawfully available; NOW THEREFORE,
2 21 BE IT RESOLVED BY THE SENATE, THE HOUSE OF
2 22 REPRESENTATIVES CONCURRING, That the proposed five-
2 23 year building program submitted by the state board of
2 24 regents for each institution of higher learning under
2 25 its jurisdiction is approved; and
2 26 BE IT FURTHER RESOLVED, That no commitment is
2 27 implied or intended by approval to fund any portion of
2 28 the proposed five-year building program submitted by
2 29 the state board of regents beyond the portion that is
2 30 financed and approved by the Seventy-eighth General
3 1 Assembly, Second Session, and the governor; and
3 2 BE IT FURTHER RESOLVED, That during the fiscal
3 3 period that commences July 1, 2000, and ends June 30,
3 4 2002, the maximum amount of bonds which the state
3 5 board of regents expects to issue under chapter 262A,
3 6 unless additional bonding is authorized, is as set
3 7 forth in this resolution, all or any part of which may
3 8 be issued during the fiscal year ending June 30, 2001,
3 9 and if all of that amount is not issued during that
3 10 fiscal year, any remaining balance may be issued
3 11 during the fiscal year ending June 30, 2002, and this
3 12 plan of financing is approved; and
3 13 BE IT FURTHER RESOLVED, That the state board of
3 14 regents is authorized to undertake, plan, construct,
3 15 equip, and otherwise carry out the following projects
3 16 at the institutions of higher learning under the
3 17 jurisdiction of the board, and the general assembly
3 18 authorizes the state board of regents to borrow money
3 19 and to issue and sell negotiable revenue bonds in the
3 20 manner provided in sections 262A.5 and 262A.6 in order
3 21 to pay all or any part of the costs of carrying out
3 22 the projects, at any institution, as follows:
3 23 Iowa State University of Science and Technology
3 24 Upgrade of systems in Gilman hall project costs:
3 25 ......................................... $ 11,000,000
3 26 Purchase of technology and equipment for the center
3 27 for excellence in fundamental plant science project
3 28 costs:
3 29 ......................................... $ 2,530,000
3 30 State University of Iowa
4 1 Renovation of biological sciences buildings project
4 2 costs:
4 3 ......................................... $ 14,700,000
4 4 University of Northern Iowa
4 5 McCollum science hall building addition project
4 6 costs:
4 7 ......................................... $ 16,900,000
4 8 Total $ 45,130,000
4 9 BE IT FURTHER RESOLVED, That if the amount of bonds
4 10 issued under this resolution exceeds the actual costs
4 11 of projects approved in this resolution, the amount of
4 12 the difference shall be used to pay the principal and
4 13 interest due on bonds issued under chapter 262A; and
4 14 BE IT FURTHER RESOLVED, That the state board of
4 15 regents may capitalize the issuance costs and bond
4 16 reserve fund equal to 11 percent of each bond issue
4 17 with respect to the bonds authorized pursuant to this
4 18 resolution and may increase the amount of the bonds
4 19 issued under this resolution to that extent.
4 20 LSB 5631XS 78
4 21 kh/cls/14.1
Text: SCR00105 Text: SCR00107 Text: SCR00100 - SCR00199 Text: SCR Index Bills and Amendments: General Index Bill History: General Index
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