1.2relating to capital investment; appropriating money for the Minnesota Museum
1.3of American Art; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5    Section 1. MINNESOTA MUSEUM OF AMERICAN ART.
1.6    Subdivision 1. Appropriation. $500,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the St.
1.8Paul Port Authority to design the construction of the Minnesota Museum of American
1.9Art to be located in the city of St. Paul. This appropriation is not available until the
1.10commissioner of management and budget has determined that at least an equal amount
1.11has been committed to the project from nonstate sources.
1.12    Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.13bond proceeds fund, the commissioner of management and budget shall sell and issue
1.14bonds of the state in an amount up to $500,000 in the manner, upon the terms, and with
1.15the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.16Minnesota Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.