1.1 	A bill for an act
1.2 	relating to capital investment; authorizing spending to acquire and better public 
1.3 	land and buildings and other improvements of a capital nature; authorizing the 
1.4 	issuance of state bonds; appropriating money for the Bemidji Regional Event 
1.5 	Center.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. BEMIDJI REGIONAL EVENT CENTER.
 1.8 		Subdivision 1.Appropriation. $22,000,000 is appropriated from the bond proceeds 
1.9 	fund to the commissioner of employment and economic development for a grant to the 
1.10 	city of Bemidji to acquire land, predesign, design, construct, furnish, and equip a regional 
1.11 	event center to be located within the core of downtown Bemidji. This appropriation is 
1.12 	not available until the commissioner of finance determines that at least $25,000,000 is 
1.13 	committed to the project from nonstate sources.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from 
1.15 	the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the 
1.16 	state in an amount up to $22,000,000 in the manner, upon the terms, and with the effect 
1.17 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.18 	Constitution, article XI, sections 4 to 7.

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