University of Minnesota bond issue and appropriation for capital improvements in Mower County for the FAARM program

This bill authorizes Minnesota to issue up to $20 million in state bonds to fund the University of Minnesota's FAARM program in Mower County. The funds will cover planning, design, land acquisition, and initial site preparation for new research facilities focused on agricultural innovation. The state appropriation covers approximately two-thirds of the project's initial phase costs, with the university responsible for the remaining portion. The bill directly affects the University of Minnesota (specifically the FAARM program) and Mower County residents through the development of new agricultural research infrastructure.