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 Faribault water reclamation plant; authorizing the 
1.5 	issuance of general obligation bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION; CITY OF FARIBAULT WATER RECLAMATION 
1.8 	PLANT.
 1.9 	$6,000,000 is appropriated from the bond proceeds fund to commissioner of 
1.10 	employment and economic development for a grant to the city of Faribault to upgrade the 
1.11 	city water reclamation plant to meet phosphorus removal standards.  This appropriation 
1.12 	is not available until the commissioner of finance has determined that at least an equal 
1.13 	amount is committed to the project from nonstate sources.

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 	$6,000,000 in the manner, upon 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.