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 redevelopment of the former 3M site in St. Paul.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. ST. PAUL; FORMER 3M SITE REDEVELOPMENT.
 1.6 		Subdivision 1.Appropriation. $8,000,000 is appropriated from the bond proceeds 
1.7 	fund to the commissioner of employment and economic development for a grant to the St. 
1.8 	Paul Port Authority for preliminary design, engineering, final design, and improvements 
1.9 	and betterments of a capital nature, including relocation of utilities owned by public 
1.10 	entities, all within the 3M redevelopment area along Phalen Boulevard in St. Paul.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from 
1.12 	the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the 
1.13 	state in an amount up to $8,000,000 in the manner, upon the terms, and with the effect 
1.14 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.15 	Constitution, article XI, sections 4 to 7.

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