1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for and modifying the 
1.3 	greater Minnesota business development public infrastructure grant program; 
1.4 	authorizing the sale and issuance of state bonds;amending Minnesota Statutes 
1.5 	2012, section 116J.431, subdivisions 2, 6.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2012, section 116J.431, subdivision 2, is amended to read:
1.8 		Subd. 2.Eligible projects. (a) An economic development project for which a 
1.9 	county or city may be eligible to receive a grant under this section includes:
1.10 	(1) manufacturing;
1.11 	(2) technology;
1.12 	(3) warehousing and distribution;
1.13 	(4) research and development;
1.14 	(5) agricultural processing, defined as transforming, packaging, sorting, or grading 
1.15 	livestock or livestock products into goods that are used for intermediate or final 
1.16 	consumption, including goods for nonfood use; or
1.17 	(6) industrial park development that would be used by any other business listed 
1.18 	in this subdivision.
1.19 	(b) A county or city may be eligible to receive a grant under this section for new 
1.20 	public infrastructure, or to expand or replace part or all of an existing public infrastructure 
1.21 	system, that does not meet the needs of the economic development project because of the 
1.22 	public infrastructure's capacity or condition.

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

2.1 	Sec. 2. Minnesota Statutes 2012, section 116J.431, subdivision 6, is amended to read:
2.2 		Subd. 6.Maximum grant amount. A county or city may receive no more than 
2.3 	$1,000,000 $2,000,000 in two years for one or more projects.

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

2.5 	Sec. 3. GREATER MINNESOTA BUSINESS DEVELOPMENT PUBLIC 
2.6 	INFRASTRUCTURE GRANT PROGRAM.
 2.7 		Subdivision 1.Appropriation. $25,000,000 is appropriated from the bond proceeds 
2.8 	fund to the commissioner of employment and economic development for the greater 
2.9 	Minnesota business development public infrastructure grant program under Minnesota 
2.10 	Statutes, section 116J.431.
2.11 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
2.12 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
2.13 	bonds of the state in an amount up to $25,000,000 in the manner, upon the terms, and with 
2.14 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
2.15 	Minnesota Constitution, article XI, sections 4 to 7.

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