1.1 	A bill for an act
1.2 	relating to economic development; appropriating money
1.3 	for a grant; authorizing the sale of bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION.
 1.6 	$1,200,000 is appropriated from the bond proceeds fund to
1.7 	the commissioner of employment and economic development for a
1.8 	grant to the Central Range Economic Development Initiative for
1.9 	predesign of projects that will promote economic development and
1.10 	have statewide significance.

1.11 	Sec. 2. BOND SALE.
 1.12 	To provide the money in section 1 appropriated from the
1.13 	bond proceeds fund, the commissioner of finance shall sell and
1.14 	issue bonds of the state in an amount up to $1,200,000 in the
1.15 	manner, upon the terms, and with the effect prescribed by
1.16 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17 	Minnesota Constitution, article XI, sections 4 to 7.