1.1 	A bill for an act
1.2 	relating to capital improvements; authorizing the
1.3 	issuance of state bonds; appropriating money for water
1.4 	and sewer infrastructure components for Minnesota
1.5 	Steel Industries.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION.
 1.8 	$5,270,000 is appropriated from the bond proceeds fund to
1.9 	the commissioner of employment and economic development for the
1.10 	public facilities authority to make a grant to the city of
1.11 	Nashwauk for water and sewer components serving the Minnesota
1.12 	Steel Industries (MSI) facility, the 640-acre industrial park to
1.13 	the north of MSI, and the city of Nashwauk Industrial Park to
1.14 	the north and east of marked trunk highway No. 65.

1.15 	Sec. 2. BOND SALE.
 1.16 	To provide the money appropriated in this act from the bond
1.17 	proceeds fund, the commissioner of finance shall sell and issue
1.18 	bonds of the state in an amount up to $5,270,000 in the manner,
1.19 	upon the terms, and with the effect prescribed by Minnesota
1.20 	Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.21 	Constitution, article XI, sections 4 to 7.

1.22 	Sec. 3. EFFECTIVE DATE.
 1.23 	Sections 1 and 2 are effective the day following final
1.24 	enactment.