1.1 	A bill for an act
1.2 	relating to capital improvements; appropriating money for asset preservation at 
1.3 	Iron World; 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. IRON RANGE RESOURCES; IRON WORLD ASSET 
1.6 	PRESERVATION.
 1.7 		Subdivision 1.Appropriation. $500,000 is appropriated from the bond proceeds 
1.8 	fund to the commissioner of the Iron Range Resources and Rehabilitation Board for asset 
1.9 	preservation work at Iron World, to be spent in accordance with Minnesota Statutes, 
1.10 	section 16B.307.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.12 	bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in 
1.13 	an amount up to $500,000 in the manner, upon the terms, and with the effect prescribed by 
1.14 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
1.15 	article XI, sections 4 to 7.

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