1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for removal and replacement 
1.3 	or repair of a drain line near the city of Beardsley; 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. BEARDSLEY DRY LAKE SYSTEM REPAIRS.
 1.7 		Subdivision 1.Appropriation. $2,000,000 is appropriated from the bond proceeds fund 
1.8 	to the Board of Water and Soil Resources for a grant to the city of Beardsley for predesign 
1.9 	and design, and to remove and replace, or to repair, a portion of drain line in the gravity 
1.10 	pipe system designed to remove excess water from Dry Lake and prevent flooding. The 
1.11 	city must undertake this project in coordination with the Upper Minnesota River Watershed 
1.12 	District. This appropriation is available when the commissioner of management and budget 
1.13 	determines that an amount sufficient to complete the project is committed to the project.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.15 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.16 	the state in an amount up to $2,000,000 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.