1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money
1.3 	for Pine Technical College; authorizing the issuance
1.4 	of general obligation bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION; PINE TECHNICAL COLLEGE.
 1.7 	$300,000 is appropriated from the bond proceeds fund to the
1.8 	Board of Trustees of the Minnesota State Colleges and
1.9 	Universities for the purchase of land and a building for Pine
1.10 	Technical College for customized training.

1.11 	Sec. 2. BOND SALE.
 1.12 	To provide the money appropriated by 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 $300,000 in the
1.15 	manner, on 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 	Sections 1 and 2 are effective the day following final
1.20 	enactment.