University of Minnesota; Higher Education Asset Preservation and Replacement funding provided, bonds issued, and money appropriated.

HF 1245 authorizes the state to borrow $200 million through bond sales to fund repairs and replacements of University of Minnesota buildings. The money would be allocated to the university's Higher Education Asset Preservation and Replacement (HEAPR) program, as specified in Minnesota law. This funding mechanism uses state bonds (not direct tax revenue) and must follow existing rules for such spending. The bill directly affects the University of Minnesota's infrastructure maintenance budget without altering university operations or policies.