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

1.6 	Section 1. HOYT LAKES WATER AND WASTEWATER SYSTEM 
1.7 	IMPROVEMENTS.
 1.8 		Subdivision 1.Appropriation. $300,000 is appropriated from the bond proceeds 
1.9 	fund to the commissioner of employment and economic development for a grant to the 
1.10 	city of Hoyt Lakes to make capital improvements to the city's water treatment plant and 
1.11 	wastewater treatment plant. This appropriation is not available until at least an equal 
1.12 	amount is committed to the projects from nonstate sources.
1.13 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.14 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.15 	bonds of the state in an amount up to $300,000 in the manner, upon the terms, and with 
1.16 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.17 	Minnesota Constitution, article XI, sections 4 to 7.

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