1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the Dassel-Cokato school 
1.3 	district community recreation facility; 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. DASSEL-COKATO SCHOOL DISTRICT; COMMUNITY RECREATION 
1.7 	FACILITY.
 1.8 		Subdivision 1.Appropriation. $5,000,000 is appropriated from the bond proceeds fund 
1.9 	to the commissioner of education for a grant to Independent School District No. 466, 
1.10 	Dassel-Cokato, to construct, equip, and furnish the community recreation facility. This 
1.11 	appropriation includes money for a walking track, field house, ice rink, gymnastics facility, 
1.12 	and community center.
1.13 		Subd. 2.Bond sale. To provide the money appropriated in this section 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 $5,000,000 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.