1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the Lake Redwood 
1.3 	reclamation and enhancement project; authorizing the sale and issuance of state 
1.4 	bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. LAKE REDWOOD RECLAMATION AND ENHANCEMENT PROJECT.
 1.7 		Subdivision 1.Appropriation. $7,825,000 is appropriated from the bond proceeds fund 
1.8 	to the commissioner of the Pollution Control Agency for a grant to the Redwood-Cottonwood 
1.9 	Rivers control area, a joint powers entity, to predesign, design, construct, and equip the 
1.10 	reservoir reclamation and enhancement of the 66-acre Lake Redwood Reservoir, to remove 
1.11 	approximately 650,000 cubic yards of sediment and increase its depth from 2.8 feet to 20 
1.12 	feet in order to secure renewable energy capacity of the hydroelectric dam which is impeded 
1.13 	by lack of water capacity, reduce the flow of pollutants to the Minnesota River, and increase 
1.14 	fish habitat and enhance recreational opportunities.
1.15 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.16 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.17 	the state in an amount up to $7,825,000 in the manner, upon the terms, and with the effect 
1.18 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.19 	Constitution, article XI, sections 4 to 7.

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