1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the historic Hennepin 
1.3 	Center for the Arts; 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. HENNEPIN CENTER FOR THE ARTS.
 1.6 		Subdivision 1.Appropriation. $7,000,000 is appropriated from the bond proceeds fund 
1.7 	to the commissioner of employment and economic development for a grant to Hennepin 
1.8 	County for improvements and betterments of a capital nature to renovate the historic 
1.9 	Hennepin Center for the Arts, subject to Minnesota Statutes, section 16A.695. This 
1.10 	appropriation is not available until the commissioner of management and budget determines 
1.11 	that $3,000,000 has been committed to complete the project from nonstate sources.
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 $7,000,000 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.