1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the Beacon Bluff 
1.3 	Business Center; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. ST. PAUL; BEACON BLUFF BUSINESS AND JOBS SITE 
1.6 	INFRASTRUCTURE DEVELOPMENT.
 1.7 		Subdivision 1.Appropriation. $2,300,000 is appropriated from the bond proceeds 
1.8 	fund to the St. Paul Port Authority for preliminary design, engineering, final design, and 
1.9 	improvements and betterments of a capital nature, including utilities, all within the Beacon 
1.10 	Bluff Business Center along Phalen Boulevard in St. Paul.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.12 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.13 	bonds of the state in an amount up to $2,300,000 in the manner, upon the terms, and with 
1.14 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.15 	Minnesota Constitution, article XI, sections 4 to 7.

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