1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money to extend utilities to a housing 
1.3 	and economic development park in Aitkin; authorizing the sale and issuance of 
1.4 	state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. UTILITY EXTENSION; AITKIN.
 1.7 		Subdivision 1.Appropriation. $3,840,000 is appropriated to the commissioner of 
1.8 	employment and economic development for a grant to the city of Aitkin to predesign, design, 
1.9 	engineer, and extend public utilities including water and sanitary sewer services to Aitkin's 
1.10 	housing and economic development park, including the site for new public school facilities 
1.11 	for the Aitkin public schools.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $3,840,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

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