1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for Phase 2 of the Lake Effect 
1.3 	Project in Wayzata; 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. WAYZATA; LAKE EFFECT PROJECT, PHASE 2.
 1.6 		Subdivision 1.Appropriation. $8,280,000 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 	Wayzata to design, construct, furnish, and equip a boardwalk, community docks, eco park, 
1.9 	the restoration of the historic Section Foreman House, the preservation of the Wayzata 
1.10 	Depot site, and to restore the lake edge on Lake Minnetonka in downtown Wayzata. This 
1.11 	appropriation is in addition to the appropriation for a portion of this project in Laws 2020, 
1.12 	Fifth Special Session chapter 3, article 1, section 21, subdivision 45. This appropriation is 
1.13 	available when the commissioner of management and budget determines that sufficient 
1.14 	resources have been committed to complete the project, as required by Minnesota Statutes, 
1.15 	section 16A.502.
1.16 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.17 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.18 	the state in an amount up to $8,280,000 in the manner, upon the terms, and with the effect 
1.19 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.20 	Constitution, article XI, sections 4 to 7.

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