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

1.5 	Section 1. CITY OF DULUTH; WADE STADIUM RENOVATION.
 1.6 		Subdivision 1.Appropriation. $5,700,000 is appropriated from the bond proceeds 
1.7 	fund to the commissioner of employment and economic development for a grant to the 
1.8 	city of Duluth to design, construct, furnish, and equip improvements to the grandstand 
1.9 	and field at Wade Stadium, including improvements to the field's drainage, prior to its 
1.10 	resurfacing. There must be at least $1 of nonstate money committed to the project for 
1.11 	every $2.50 of state money.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.13 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.14 	bonds of the state in an amount up to $5,700,000 in the manner, upon the terms, and with 
1.15 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.16 	Minnesota Constitution, article XI, sections 4 to 7.

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