1.1.................... moves to amend H.F. No. 3729, the delete everything amendment
1.2(A10-2559), as follows:
1.3Page 106, line 17, delete everything after the period
1.4Page 106, delete line 18
1.5Page 117, delete section 1 and insert:

1.6    "Section 1. Minnesota Statutes 2008, section 103D.335, subdivision 17, is amended to
1.8    Subd. 17. Borrowing funds. (a) The managers may borrow funds from an agency
1.9of the federal government, a state agency, a county where the watershed district is located
1.10in whole or in part, or a financial institution authorized under chapter 47 to do business
1.11in this state. A county board may lend the amount requested by a watershed district. A
1.12watershed district may not have more than a total of $600,000 in loans from counties and
1.13financial institutions under this subdivision outstanding at any time.
1.14(b) Notwithstanding paragraph (a), a watershed district may have up to a total
1.15of $2,000,000 in loans from counties and financial institutions under this subdivision
1.16outstanding at any time if the taxable market value of property within the watershed
1.17district is more than $500,000,000."