1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for public infrastructure in the 
1.3 	city of Silver Bay; 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. SILVER BAY; PUBLIC INFRASTRUCTURE.
 1.6 		Subdivision 1.Appropriation. $6,343,000 is appropriated from the bond proceeds fund 
1.7 	to the Public Facilities Authority for a grant to the city of Silver Bay to design, construct, 
1.8 	and reconstruct publicly owned physical infrastructure throughout the city of Silver Bay, 
1.9 	including but not limited to sewers, water supply systems, utility extensions, street 
1.10 	construction and reconstruction, wastewater treatment systems, stormwater management 
1.11 	systems, curbs, gutters, sidewalks, and pedestrian ramps for Americans with Disabilities 
1.12 	Act (ADA) compliance.
1.13 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.14 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.15 	the state in an amount up to $6,343,000 in the manner, upon the terms, and with the effect 
1.16 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.17 	Constitution, article XI, sections 4 to 7.

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