1.1 	A bill for an act
1.2 	relating to capital investment; authorizing spending
1.3 	to acquire and better public land and buildings and
1.4 	public improvements of a capital nature with
1.5 	conditions; appropriating money for sewer interceptor
1.6 	relocation in New Brighton; authorizing the issuance
1.7 	of general obligation bonds.
1.8 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.9 	Section 1. APPROPRIATION; NEW BRIGHTON SEWER PROJECT.
 1.10 	$2,000,000 is appropriated from the bond proceeds fund to
1.11 	the commissioner of employment and economic development for a
1.12 	grant to the city of New Brighton to relocate a sanitary sewer
1.13 	interceptor in the Northwest Quadrant to allow for redevelopment
1.14 	of that area.

1.15 	Sec. 2. BOND SALE.
 1.16 	To provide the money appropriated in section 1 from the
1.17 	bond proceeds fund, the commissioner of finance shall sell and
1.18 	issue bonds of the state in an amount up to $2,000,000 in the
1.19 	manner, on the terms, and with the effect prescribed by
1.20 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21 	Minnesota Constitution, article XI, sections 4 to 7.

1.22 	Sec. 3. EFFECTIVE DATE.
 1.23 	Sections 1 and 2 are effective the day following final
1.24 	enactment.