1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for water and drainage 
1.3 	infrastructure in the city of New Trier; 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. NEW TRIER INFRASTRUCTURE.
 1.7 		Subdivision 1.Appropriation. $300,000 is appropriated from the bond proceeds fund 
1.8 	to the commissioner of employment and economic development for a grant to the city of 
1.9 	New Trier to replace water infrastructure under Hogan Avenue, including related road 
1.10 	reconstruction, and to acquire land for predesign, design, and construction of a storm water 
1.11 	pond that will be colocated with the pond of the new subdivision. This appropriation does 
1.12 	not require a nonstate contribution.
1.13 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the bond 
1.14 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.15 	the state in an amount up to $300,000 in the manner, upon the terms, and with the effect 
1.16 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.17 	Constitution, article XI, sections 4 to 7.

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