1.1 	A bill for an act
1.2 	relating to capital investment; authorizing spending to acquire and better 
1.3 	public land and buildings and other public improvements of a capital nature; 
1.4 	appropriating money for a grant to the city of St. Paul for infrastructure 
1.5 	improvements related to the Union Depot development project; authorizing the 
1.6 	issuance of general obligation bonds. 
1.7 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.8 	Section 1. APPROPRIATION; ST. PAUL, UNION DEPOT.
 1.9 	$7,500,000 is appropriated from the bond proceeds fund to the commissioner 
1.10 	of employment and economic development for a grant to the city of St. Paul for street 
1.11 	transportation, pedestrian, and infrastructure improvements to accommodate increased 
1.12 	traffic associated with the development of the Union Depot for use as a multimodal 
1.13 	transit center.

1.14 	Sec. 2. BOND SALE.
 1.15 	To provide the money appropriated in section 1 from the bond proceeds fund, 
1.16 	the commissioner of finance shall sell and issue bonds of the state in an amount up to 
1.17 	$7,500,000 in the manner, on the terms, and with the effect prescribed by Minnesota 
1.18 	Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, 
1.19 	sections 4 to 7.

1.20 	Sec. 3. EFFECTIVE DATE.
 1.21 	Sections 1 and 2 are effective the day following final enactment.