1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money to line a drainage pipe through 
1.3 	the Prior Lake Outlet Channel; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. PRIOR LAKE OUTLET CHANNEL; PRIOR LAKE SPRING LAKE 
1.6 	WATERSHED DISTRICT.
 1.7 		Subdivision 1.Appropriation. $2,000,000 is appropriated from the bond proceeds fund 
1.8 	to the Public Facilities Authority for the Prior Lake Spring Lake Watershed District to reline 
1.9 	approximately 2,400 feet of an underground pipe that is part of the Prior Lake Outlet Channel.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.11 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.12 	the state in an amount up to $2,000,000 in the manner, upon the terms, and with the effect 
1.13 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.14 	Constitution, article XI, sections 4 to 7.

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