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 	issuance of state bonds; appropriating money for city of Medford wastewater and 
1.5 	water system improvements.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. CITY OF MEDFORD WASTEWATER TREATMENT FACILITY, 
1.8 	WATER SYSTEM IMPROVEMENTS.
 1.9 		Subdivision 1.Appropriation. $7,500,000 is appropriated from the bond proceeds 
1.10 	fund to the commissioner of employment and economic development for a grant to the 
1.11 	city of Medford to acquire land, predesign, design, construct, furnish, and equip a major 
1.12 	upgrade to the city's wastewater treatment facility, as provided in the agreement with the 
1.13 	Pollution Control Agency, and to construct water system improvements as provided in the 
1.14 	city's agreement with the Department of Health. The facilities will be located in either or 
1.15 	both of the cities of Medford and Owatonna, in Steele County. This appropriation is not 
1.16 	available until the commissioner of finance has determined that funding from nonstate 
1.17 	sources sufficient to complete the project, estimated to cost $10,025,000, have been spent 
1.18 	on or committed to the project.
1.19 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from 
1.20 	the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the 
1.21 	state in an amount up to $7,500,000 in the manner, upon the terms, and with the effect 
1.22 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.23 	Constitution, article XI, sections 4 to 7.

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