1.1                          A bill for an act 
  1.2             relating to community development; providing funding 
  1.3             for the redevelopment account; authorizing bonds; 
  1.4             appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [REDEVELOPMENT ACCOUNT.] 
  1.7      $15,000,000 is appropriated from the bond proceeds fund in 
  1.8   fiscal year 2000 to the commissioner of trade and economic 
  1.9   development for deposit in the redevelopment account created by 
  1.10  Minnesota Statutes, section 116J.561.  
  1.11     Sec. 2.  [BOND SALE AUTHORIZATION.] 
  1.12     To provide the money appropriated in section 1 from the 
  1.13  bond proceeds fund, the commissioner of finance, on request of 
  1.14  the governor, shall sell and issue bonds of the state in an 
  1.15  amount up to $15,000,000 in the manner, upon the terms, and with 
  1.16  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.17  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.18  4 to 7.