1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for a grant to Pequot Lakes 
1.3 	to replace its spray irrigation field equipment at the wastewater treatment facility; 
1.4 	authorizing the sale and issuance of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. PEQUOT LAKES WASTEWATER TREATMENT SPRAY 
1.7 	IRRIGATION EQUIPMENT.
 1.8 		Subdivision 1.Appropriation. $250,000 is appropriated from the bond proceeds 
1.9 	fund to the commissioner of employment and economic development for a grant to 
1.10 	the city of Pequot Lakes to replace the spray irrigation field equipment at the city's 
1.11 	wastewater treatment facility. This appropriation is not available until the commissioner of 
1.12 	management and budget has determined that at least an equal amount has been committed 
1.13 	to the project from nonstate sources.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.15 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.16 	bonds of the state in an amount up to $250,000 in the manner, upon the terms, and with 
1.17 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.18 	Minnesota Constitution, article XI, sections 4 to 7.

1.19 	EFFECTIVE DATE. This section is effective the day following final enactment.