1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for property acquisition for 
1.3 	the city of Lakeville; 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. PROPERTY FOR WATER TREATMENT AND FIRE STATION; 
1.6 	LAKEVILLE.
 1.7 		Subdivision 1.Appropriation. $5,400,000 from the bond proceeds account is 
1.8 	appropriated to the commissioner of employment and economic development for a grant 
1.9 	to the city of Lakeville to acquire property in the city of Lakeville to be used for drinking 
1.10 	water treatment and a fire station.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.12 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.13 	the state in an amount up to $5,400,000 in the manner, upon the terms, and with the effect 
1.14 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.15 	Constitution, article XI, sections 4 to 7.

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