1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the Byllesby Dam; 
1.3 	authorizing the sale and issuance of bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. BYLLESBY DAM.
 1.6 		Subdivision 1.Appropriation. $9,000,000 is appropriated from the bond proceeds fund 
1.7 	to the commissioner of natural resources for a grant to Dakota County under Minnesota 
1.8 	Statutes, sections 103G.511 and 103G.515, to design and construct capital improvements 
1.9 	to the hydroelectric generating facility, including replacement of obsolete turbines, at the 
1.10 	Byllesby Dam, located on the Cannon River.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.12 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.13 	the state in an amount up to $9,000,000 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.