1.1 	A bill for an act
1.2 	relating to capital improvements; appropriating money for the Shell Rock River 
1.3 	Watershed District to improve Fountain Lake; authorizing the sale and issuance 
1.4 	of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. FOUNTAIN LAKE IMPROVEMENTS.
 1.7 		Subdivision 1.Appropriation. $7,500,000 is appropriated from the bond proceeds 
1.8 	fund to the commissioner of natural resources for a grant to the Shell Rock River 
1.9 	Watershed District to remove sediment from and clean up Fountain Lake in Albert Lea.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.11 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.12 	bonds of the state in an amount up to $7,500,000 in the manner, upon the terms, and with 
1.13 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.14 	Minnesota Constitution, article XI, sections 4 to 7.

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