1.1 	A bill for an act
1.2 	relating to capital investment; providing a grant to
1.3 	the Perpich Center for Arts Education; authorizing the
1.4 	sale of state bonds; appropriating money.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION.
 1.7 	$3,600,000 is appropriated from the bond proceeds fund to
1.8 	the commissioner of education for a grant to the Perpich Center
1.9 	for Arts Education for asset preservation, Beta Building
1.10 	demolition, Alpha Building renovation, and dormitory renovation.

1.11 	Sec. 2. BOND SALE.
 1.12 	To provide the money appropriated in section 1 from the
1.13 	bond proceeds fund, the commissioner of finance shall sell and
1.14 	issue bonds of the state in an amount up to $3,600,000 in the
1.15 	manner, upon the terms, and with the effect prescribed by
1.16 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17 	Minnesota Constitution, article XI, sections 4 to 7.

1.18 	Sec. 3. EFFECTIVE DATE.
 1.19 	This act is effective the day following final enactment.