1.1 	A bill for an act
1.2 	relating to capital improvements; authorizing the issuanceof state bonds; 
1.3 	appropriating money for a sustainable and renewableenergy industrial park 
1.4 	in Mountain Iron.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION.
 1.7 	$500,000 is appropriated from the bond proceeds fundto the commissioner of 
1.8 	employment and economic development fora grant to the city of Mountain Iron for site 
1.9 	preparation and construction of a sustainableand renewable energy industrial park to 
1.10 	be located in the city of Mountain Iron.

1.11 	Sec. 2. BOND SALE.
 1.12 	To provide the money appropriated in this act fromthe bond proceeds fund, the 
1.13 	commissioner of finance shall sell andissue bonds of the state in an amount up to 
1.14 	$500,000 in the manner, upon the terms,and with the effect prescribed by Minnesota 
1.15 	Statutes, sections 16A.631 to 16A.675,and by the Minnesota Constitution, article XI, 
1.16 	sections 4 to 7.

1.17 	Sec. 3. EFFECTIVE DATE.
 1.18 	Sections 1 and 2 are effective the day followingfinal enactment.