1.1 	A bill for an act
1.2 	relating to capital investment; authorizing the sale and issuance of state bonds; 
1.3 	appropriating money for a grant to Nashwauk.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. WASTEWATER INFRASTRUCTURE GRANT; NASHWAUK PHASE 
1.6 	2.
 1.7 		Subdivision 1.Appropriation. $1,244,000 is appropriated from the bond proceeds 
1.8 	fund to the Public Facilities Authority for a grant to the city of Nashwauk to rehabilitate 
1.9 	the sewer collection system as phase 2 of the sewer project.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from 
1.11 	the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the 
1.12 	state in an amount up to $1,244,000 in the manner, upon the terms, and with the effect 
1.13 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.14 	Constitution, article XI, sections 4 to 7.

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