1.1 	A bill for an act
1.2 	relating to capital investment; authorizing spending to acquire and better 
1.3 	public land and buildings and other public improvements of a capital nature; 
1.4 	appropriating money for city of Watkins infrastructure reconstruction; 
1.5 	authorizing the issuance of general obligation bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION; CITY OF WATKINS.
 1.8 	$7,170,630 is appropriated from the bond proceeds fund to the public facilities 
1.9 	authority for a grant to the city of Watkins to replace water mains, sanitary sewers, and 
1.10 	streets, including curb and gutter and sidewalks, and to construct a permanent storm 
1.11 	sewer system.

1.12 	Sec. 2. BOND SALE.
 1.13 	To provide the money appropriated in section 1 from the bond proceeds fund, 
1.14 	the commissioner of finance shall sell and issue bonds of the state in an amount up to 
1.15 	$7,170,630 in the manner, on the terms, and with the effect prescribed by Minnesota 
1.16 	Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, 
1.17 	sections 4 to 7.

1.18 	Sec. 3. EFFECTIVE DATE.
 1.19 	Sections 1 and 2 are effective the day following final enactment.