Minnesota BioImaging Center of the Hormel Institute funding provided, bonds issued, and money appropriated.

HF 1170 appropriates $18.12 million from state bonds to fund the construction, renovation, and equipment of the Minnesota BioImaging Center at the Hormel Institute. The grant is allocated to the Austin Port Authority to build this facility, which will support biomedical and cancer research through a University of Minnesota-Mayo Clinic collaboration. The funding comes from bonds issued under Minnesota law, with the money drawn from the bond proceeds fund. This bill directly affects the research operations at the Hormel Institute and the Austin Port Authority as the grant recipient.