1.1.................... moves to amend H.F. No. 2894 as follows:
1.2Delete everything after the enacting clause and insert:

1.3    "Section 1. Minnesota Statutes 2008, section 103D.335, subdivision 17, is amended to
1.4read:
1.5    Subd. 17. Borrowing funds. (a) The managers may borrow funds from an agency
1.6of the federal government, a state agency, a county where the watershed district is located
1.7in whole or in part, or a financial institution authorized under chapter 47 to do business
1.8in this state. A county board may lend the amount requested by a watershed district. A
1.9watershed district may not have more than a total of $600,000 in loans from counties and
1.10financial institutions under this subdivision outstanding at any time.
1.11(b) Notwithstanding paragraph (b), a watershed district may have up to a total
1.12of $2,000,000 in loans from counties and financial institutions under this subdivision
1.13outstanding at any time if the taxable market value of property within the watershed
1.14district is more than $500,000,000."