1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for construction of the 
1.3 	Prospectors ATV Trail System; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. PROSPECTORS ATV TRAIL SYSTEM; BONDS.
 1.6 		Subdivision 1.Appropriation. $3,200,000 is appropriated from the bond proceeds 
1.7 	fund to the commissioner of natural resources for a grant to Lake County for construction, 
1.8 	including bridges, of the Prospectors ATV Trail System linking the communities of 
1.9 	Ely, Babbitt, Embarrass, and Tower; Bear Head Lake and Lake Vermilion-Soudan 
1.10 	Underground Mine State Parks; the Taconite State Trail; and the Lake County Regional 
1.11 	ATV Trail System.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.13 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.14 	bonds of the state in an amount up to $3,200,000 in the manner, upon the terms, and with 
1.15 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.16 	Minnesota Constitution, article XI, sections 4 to 7.

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