1.1 	A bill for an act
1.2 	relating to natural resources; increasing watershed district borrowing authority;
1.3 	amending Minnesota Statutes 2008, section 103D.335, subdivision 17.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2008, section 103D.335, subdivision 17, is amended to 
1.6 	read:
1.7 		Subd. 17.Borrowing funds. The managers may borrow funds from an agency of 
1.8 	the federal government, a state agency, a county where the watershed district is located 
1.9 	in whole or in part, or a financial institution authorized under chapter 47 to do business 
1.10 	in this state. A county board may lend the amount requested by a watershed district. A 
1.11 	watershed district may not have more than a total of ~~$600,000~~ $2,000,000 in loans from 
1.12 	counties and financial institutions under this subdivision outstanding at any time.