1.1 	A bill for an act
1.2 	relating to capital investment; authorizing spending to acquire and better public 
1.3 	land and buildings and other improvements of a capital nature; authorizing 
1.4 	the issuance of state bonds; appropriating money for highway interchange 
1.5 	improvements in Arden Hills.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. ARDEN HILLS, COUNTY ROAD H AND I-35 INTERCHANGE.
 1.8 		Subdivision 1.Appropriation. $34,000,000 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 Arden Hills to acquire right-of-way and to predesign, design, and construct public 
1.11 	improvements for the County Road H and marked Interstate Highway 35W interchange 
1.12 	and the County Road 96 and marked Trunk Highway 10 interchange.
1.13 		Subd. 2.Bond sale. To provide the money appropriated by subdivision 1 from the 
1.14 	bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in 
1.15 	an amount up to $34,000,000 in the manner, on the terms, and with the effect prescribed 
1.16 	by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
1.17 	article XI, sections 4 to 7.

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