1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for municipal park development 
1.3 	in the city of Faribault; 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. MUNICIPAL PARK; FARIBAULT.
 1.6 		Subdivision 1.Appropriation. $2,700,000 is appropriated from the bond proceeds fund 
1.7 	to the commissioner of employment and economic development for a grant to the city of 
1.8 	Faribault to construct, furnish, and equip capital improvements at a municipal park in 
1.9 	downtown Faribault, including a new multiuse building, including a picnic shelter, restrooms, 
1.10 	warming house, and mechanical systems for the park; an outdoor refrigerated skating loop; 
1.11 	a splash pad; sidewalks, trails, lighting, tables, and benches; and a parking area.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $2,700,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

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