1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for demolition of Jefferson 
1.3 	Elementary School in South St. Paul; authorizing the sale and issuance of state 
1.4 	bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. SOUTH ST. PAUL SCHOOL DISTRICT.
 1.7 		Subdivision 1.Appropriation. $300,000 is appropriated from the bond proceeds 
1.8 	fund to the commissioner of employment and economic development for a grant to 
1.9 	Special School District No. 6, South St. Paul, to demolish the Jefferson Elementary 
1.10 	School building and prepare the site for construction of a school district facility or for use 
1.11 	as public park and open space. The school district's expenditures for removal of asbestos 
1.12 	from the building in preparation for demolition constitute the nonstate contribution to the 
1.13 	project and no further nonstate contribution is required.
1.14 	Any time after demolition is completed, the school district may convey the property 
1.15 	to the city of South St. Paul for use as a public park and open space under the terms 
1.16 	and conditions agreed to by the school district and the city, subject to approval by the 
1.17 	commissioner of management and budget.
1.18 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.19 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.20 	bonds of the state in an amount up to $300,000 in the manner, upon the terms, and with 
1.21 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.22 	Minnesota Constitution, article XI, sections 4 to 7.

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