Minnesota BioImaging Center of the Hormel Institute bond issue and appropriation

This bill appropriates $18.12 million in state bond proceeds to fund the construction, renovation, and equipment for the Minnesota BioImaging Center at the Hormel Institute. The funds will be granted to the Austin Port Authority to support the University of Minnesota-Mayo Clinic collaboration focused on biomedical and cancer research. The bill authorizes the state to sell bonds up to $18.12 million under existing bond procedures to cover these costs. The project directly affects researchers at the Hormel Institute and the broader biomedical research community in Minnesota.