1.1 	A bill for an act
1.2 	relating to capital investment; authorizing spending to acquire and better 
1.3 	public land and buildings and other public improvements of a capital nature; 
1.4 	appropriating money for a railroad switching yard in McLeod County; 
1.5 	authorizing the issuance of general obligation bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION; MCLEOD COUNTY RAILROAD AUTHORITY.
 1.8 	$700,000 is appropriated from the bond proceeds fund to the commissioner of 
1.9 	transportation for a grant to the McLeod County Railroad Authority to acquire land for and 
1.10 	to design and construct a railroad switching yard facility in Glencoe.  This appropriation 
1.11 	is not available until the commissioner of finance determines that funds sufficient to 
1.12 	complete the project are committed to it from nonstate sources.

1.13 	Sec. 2. BOND SALE.
 1.14 	To provide the money appropriated in section 1 from the bond proceeds fund, the 
1.15 	commissioner of finance shall sell and issue bonds of the state in an amount up to $700,000 
1.16 	in the manner, on the terms, and with the effect prescribed by Minnesota Statutes, sections 
1.17 	16A.631 to 16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7.

1.18 	Sec. 3. EFFECTIVE DATE.
 1.19 	Sections 1 and 2 are effective the day following final enactment.