1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for predesign and preliminary 
1.3 	engineering for the removal of the Minnesota Falls Dam on the Minnesota River 
1.4 	near Granite Falls and for predesign and preliminary engineering for construction 
1.5 	of a rock rapids structure; authorizing the sale and issuance of state bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. MINNESOTA FALLS DAM.
 1.8 		Subdivision 1.Appropriation. $700,000 is appropriated from the bond proceeds 
1.9 	fund to the commissioner of natural resources for a grant to Yellow Medicine County for 
1.10 	predesign and preliminary engineering for the removal of the Minnesota Falls Dam on 
1.11 	the Minnesota River near Granite Falls and predesign and preliminary engineering for 
1.12 	construction of a rock rapids structure. This appropriation is contingent upon transfer of 
1.13 	ownership of the dam to the state or a political subdivision of the state.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.15 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.16 	bonds of the state in an amount up to $700,000 in the manner, upon the terms, and with 
1.17 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.18 	Minnesota Constitution, article XI, sections 4 to 7.

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