1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for expansion and renovation 
1.3 	of the community center in the city of Mounds View; authorizing the sale and 
1.4 	issuance of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. REGIONAL YOUTH AMATEUR SPORTS AND RECREATIONAL 
1.7 	CENTER.
 1.8 		Subdivision 1.Appropriation. $16,500,000 is appropriated from the bond proceeds 
1.9 	fund to the commissioner of employment and economic development for a grant to the city 
1.10 	of Mounds View to design, construct, renovate, furnish, equip, and expand the existing 
1.11 	community center facilities in the city of Mounds View. This appropriation is for the 
1.12 	development of facilities to be used as a regional sports and recreational sports venue, 
1.13 	including the construction of three additional full-sized gymnasiums, concession area, 
1.14 	storage, accompanying ancillary facilities, and additional stormwater and parking 
1.15 	infrastructure. The city may enter lease agreements for operation of the programs housed 
1.16 	within the facility.
1.17 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.18 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.19 	the state in an amount up to $16,500,000 in the manner, upon the terms, and with the effect 
1.20 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.21 	Constitution, article XI, sections 4 to 7.

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