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 	other public improvements of a capital nature;
1.5 	appropriating money for a new football stadium for the
1.6 	University of Minnesota; authorizing the issuance of
1.7 	general obligation bonds.
1.8 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.9 	Section 1. APPROPRIATION; UNIVERSITY OF MINNESOTA
1.10 	VETERANS MEMORIAL FOOTBALL STADIUM.
 1.11 	$35,000,000 is appropriated from the bond proceeds fund to
1.12 	the Board of Regents of the University of Minnesota to design,
1.13 	construct, furnish, and equip a new football stadium on the
1.14 	Minneapolis campus.  This appropriation is not available until
1.15 	the commissioner of finance determines that funds sufficient to
1.16 	complete the stadium are committed to the project, that the
1.17 	Board of Regents has agreed to name the stadium "Veterans
1.18 	Memorial Stadium," and that the names of all Minnesota veterans
1.19 	who died in service to their country during a time of war are
1.20 	listed in a prominent location in the stadium.

1.21 	Sec. 2. BOND SALE.
 1.22 	To provide the money appropriated by section 1, from the
1.23 	bond proceeds fund, the commissioner of finance shall sell and
1.24 	issue bonds of the state in an amount up to $35,000,000 in the
1.25 	manner, on the terms, and with the effect prescribed by
1.26 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
2.1 	Minnesota Constitution, article XI, sections 4 to 7.

2.2 	Sec. 3. EFFECTIVE DATE.
 2.3 	Sections 1 and 2 are effective the day following final
2.4 	enactment.