1.1 	A bill for an act
1.2 	relating to bond allocations; increasing the reserve
1.3 	from the public facilities pool for Western Lake
1.4 	Superior Sanitary District projects; amending
1.5 	Minnesota Statutes 2004, section 474A.061, subdivision
1.6 	2c.
1.7 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.8 	Section 1. Minnesota Statutes 2004, section 474A.061,
1.9 	subdivision 2c, is amended to read:
1.10 		Subd. 2c.Public facilities pool allocation.  From the
1.11 	beginning of the calendar year and continuing for a period of
1.12 	120 days, the commissioner shall reserve $3,000,000 $5,000,000 
1.13 	of the available bonding authority from the public facilities
1.14 	pool for applications for public facilities projects to be
1.15 	financed by the Western Lake Superior Sanitary District.
1.16 	Commencing on the second Tuesday in January and continuing on
1.17 	each Monday through the last Monday in July, the commissioner
1.18 	shall allocate available bonding authority from the public
1.19 	facilities pool to applications for eligible public facilities
1.20 	projects received on or before the Monday of the preceding
1.21 	week.  If there are two or more applications for public
1.22 	facilities projects from the pool and there is insufficient
1.23 	available bonding authority to provide allocations for all
1.24 	projects in any one week, the available bonding authority shall
1.25 	be awarded by lot unless otherwise agreed to by the respective
1.26 	issuers.