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 the 
1.4 	sale and issuance of state bonds; appropriating money for a grant to the city of 
1.5 	Richmond for extension of sewer service.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. CITY OF RICHMOND; SEWER SERVICE EXTENSION.
 1.8 		Subdivision 1.Appropriation. $1,500,000 is appropriated from the bond proceeds 
1.9 	fund to the Public Facilities Authority for a grant to the city of Richmond to extend new 
1.10 	sewer service to properties south of the city. This appropriation is not available until 
1.11 	the commissioner of finance determines that at least an equal amount is committed to 
1.12 	the project from nonstate sources.
1.13 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from 
1.14 	the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the 
1.15 	state in an amount up to $1,500,000 in the manner, upon the terms, and with the effect 
1.16 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.17 	Constitution, article XI, sections 4 to 7.

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