1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money to
1.3 	the commissioner of employment and economic
1.4 	development for bioscience development; authorizing
1.5 	the issuance of general obligation bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION.
 1.8 	$32,000,000 is appropriated from the bond proceeds fund to
1.9 	the commissioner of employment and economic development to
1.10 	predesign, design, construct, furnish, and equip transportation,
1.11 	development, and redevelopment infrastructure required to
1.12 	support bioscience development in Minnesota.  Of this amount,
1.13 	$8,000,000 shall be used in St. Paul, $8,000,000 in Minneapolis;
1.14 	$8,000,000 in Rochester; and $8,000,000 in rural Minnesota.

1.15 	Sec. 2. BOND SALE.
 1.16 	To provide the money appropriated by section 1 from the
1.17 	bond proceeds fund, the commissioner of finance shall sell and
1.18 	issue bonds of the state in an amount up to $32,000,000 in the
1.19 	manner, on the terms, and with the effect prescribed by
1.20 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21 	Minnesota Constitution, article XI, sections 4 to 7.

1.22 	Sec. 3. EFFECTIVE DATE.
 1.23 	Sections 1 and 2 are effective the day following final
1.24 	enactment.