1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for water infrastructure 
1.3 	improvements in the city of Silver Bay; authorizing the sale and issuance of state 
1.4 	bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. SILVER BAY; WATER INFRASTRUCTURE IMPROVEMENTS.
 1.7 		Subdivision 1.Appropriation. $1,070,000 is appropriated from the bond proceeds fund 
1.8 	to the Public Facilities Authority for a grant to the city of Silver Bay to predesign, design, 
1.9 	construct, and equip the rehabilitation and replacement of pressure reducing valve stations 
1.10 	and associated water distribution system infrastructure to address water pressure, safety, 
1.11 	and infrastructure issues that compromise ongoing operations.
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 $1,070,000 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.