1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for a commodities storage and 
1.3 	handling facility in the city of Orono; 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. ORONO; COMMODITIES STORAGE AND HANDLING FACILITY.
 1.7 		Subdivision 1.Appropriation. $650,000 is appropriated from the bond proceeds fund 
1.8 	to the commissioner of employment and economic development for a grant to the city of 
1.9 	Orono to design, construct, and equip a commodities storage and handling facility to store 
1.10 	bulk materials used to maintain public infrastructure in the cities of Orono, Spring Park, 
1.11 	and Minnetonka Beach and the Orono School District.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $650,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

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