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

1.5 	Section 1. STATE TRAILS; BONDS.
 1.6 		Subdivision 1.State trail construction. $100,000,000 is appropriated from the 
1.7 	bond proceeds fund to the commissioner of natural resources to acquire land for and 
1.8 	to construct state trails.
1.9 		Subd. 2.State trails maintenance. $35,000,000 is appropriated from the bond 
1.10 	proceeds fund to the commissioner of natural resources to renovate state trails.
1.11 		Subd. 3.Bond sale. To provide the money appropriated in subdivisions 1 and 2 
1.12 	from the bond proceeds fund, the commissioner of management and budget shall sell and 
1.13 	issue bonds of the state in an amount up to $135,000,000 in the manner, upon the terms, 
1.14 	and with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and 
1.15 	by the Minnesota Constitution, article XI, sections 4 to 7.

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