HF 959

2nd Engrossment - 87th Legislature (2011 - 2012) Posted on 05/18/2011 04:56pm

A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation;
appropriating money for a match for federal disaster assistance; authorizing sale
and issuance of state bonds; providing a bond sale schedule; amending Laws
2006, chapter 258, section 7, subdivision 3, as amended.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin CAPITAL IMPROVEMENT APPROPRIATIONS. new text end

new text begin The sums shown in the column under "Appropriations" are appropriated from the
bond proceeds fund, or another named fund, to the state agencies or officials indicated,
to be spent for public purposes. Appropriations of bond proceeds must be spent as
authorized by the Minnesota Constitution, article XI, section 5, paragraph (a), to acquire
and better public land and buildings and other public improvements of a capital nature, or
as authorized by the Minnesota Constitution, article XI, section 5, paragraphs (b) to (j),
or article XIV. Unless otherwise specified, money appropriated in this act for a capital
program or project may be used to pay state agency staff costs that are attributed directly
to the capital program or project in accordance with accounting policies adopted by the
commissioner of management and budget. Unless otherwise specified, the appropriations
in this act are available until the project is completed or abandoned subject to Minnesota
Statutes, section 16A.642.
new text end

new text begin SUMMARY new text end
new text begin Natural Resources new text end	new text begin $ new text end	new text begin 45,000,000 new text end
new text begin Public Safety new text end		new text begin 5,000,000 new text end
new text begin Bond Sale Expenses new text end		new text begin 45,000 new text end
new text begin TOTAL new text end	new text begin $ new text end	new text begin 50,045,000 new text end
new text begin Bond Proceeds Fund (General Fund Debt Service) new text end		new text begin 45,045,000 new text end
new text begin General Fund new text end		new text begin 5,000,000 new text end

new text begin APPROPRIATIONS new text end

Sec. 2. new text begin NATURAL RESOURCES new text end

new text begin Subdivision 1. new text end new text begin Total Appropriation new text end

new text begin $ new text end

new text begin 45,000,000 new text end

new text begin To the commissioner of natural resources for
the purposes specified in this section.
new text end

new text begin The appropriations in this section are
subject to the requirements of the natural
resources capital improvement program
under Minnesota Statutes, section 86A.12,
unless this section or the statutes referred
to in this section provide more specific
standards, criteria, or priorities for projects
than Minnesota Statutes, section 86A.12.
new text end

new text begin Subd. 2. new text end new text begin Flood Hazard Mitigation Grants new text end

new text begin 45,000,000 new text end

new text begin (a) For the state share of flood hazard
mitigation grants for publicly owned capital
improvements to prevent or alleviate
flood damage under Minnesota Statutes,
section 103F.161. Project priorities shall
be determined by the commissioner as
appropriate, based on need.
new text end

new text begin (b) To the extent that the cost of a project
exceeds two percent of the median household
income in the municipality or unit of
government on the commissioner's priority
list multiplied by the number of households
in the municipality or unit of government
on the commissioner's priority list, this
appropriation is also for the local share of the
project.
new text end

new text begin (c) Up to $6,000,000 of this appropriation is
for the project in the city of Roseau.
new text end

new text begin (d) Up to $3,000,000 of this appropriation is
for the project in the city of Georgetown.
new text end

new text begin (e) Up to $16,500,000 of this appropriation
is for the project in the city of Moorhead.
new text end

new text begin Subd. 3. new text end new text begin Unspent Appropriations new text end

new text begin The unspent portion of an appropriation, but
not to exceed ten percent of the appropriation,
for a project in this section that is complete,
other than an appropriation for flood hazard
mitigation, is available for asset preservation
under Minnesota Statutes, section 84.946.
Minnesota Statutes, section 16A.642, applies
from the date of the original appropriation
to the unspent amount transferred for asset
preservation.
new text end

Sec. 3. new text begin BOND SALE EXPENSES new text end

new text begin $ new text end

new text begin 45,000 new text end

new text begin To the commissioner of management
and budget for bond sale expenses under
Minnesota Statutes, section 16A.641,
subdivision 8.
new text end

Sec. 4. new text begin BOND SALE SCHEDULE.
new text end

new text begin The commissioner of management and budget shall schedule the sale of state
general obligation bonds so that, during the biennium ending June 30, 2013, no more
than $1,175,188,000 needs to be transferred from the general fund to the state bond
fund to pay principal and interest due and to become due on outstanding state general
obligation bonds. During the biennium, before each sale of state general obligation bonds,
the commissioner of management and budget shall calculate the amount of debt service
payments needed on bonds previously issued and shall estimate the amount of debt service
payments that will be needed on the bonds scheduled to be sold. The commissioner shall
adjust the amount of bonds scheduled to be sold so as to remain within the limit set by this
section. The amount needed to make the debt service payments is appropriated from the
general fund as provided in Minnesota Statutes, section 16A.641.
new text end

Sec. 5. new text begin BOND SALE AUTHORIZATION.
new text end

new text begin To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $45,045,000 in the manner, upon the terms, and with the effect prescribed by
Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
article XI, sections 4 to 7.
new text end

Sec. 6. new text begin APPROPRIATION; FEDERAL MATCH.
new text end

new text begin $5,000,000 is appropriated from the general fund to the commissioner of public
safety to provide a match for Federal Emergency Management Agency (FEMA) disaster
assistance to state agencies and political subdivisions under Minnesota Statutes, section
12.221, in the area designated under Presidential Declaration of Major Disaster DR-1982,
for the flooding in Minnesota in the spring of 2011, whether included in the original
declaration or added later by federal government action. This is a onetime appropriation.
This appropriation does not lapse.
new text end

Sec. 7.

Laws 2006, chapter 258, section 7, subdivision 3, as amended by Laws 2007,
chapter 122, section 4, and Laws 2008, chapter 179, section 59, is amended to read:

Subd. 3. Flood Hazard Mitigation Grants

25,000,000

For the state share of flood hazard
mitigation grants for publicly owned capital
improvements to prevent or alleviate flood
damage under Minnesota Statutes, section
103F.161.

The commissioner shall determine project
priorities as appropriate, based on need.

This appropriation includes money for the
following projects:

(a) Austin

(b) Albert Lea

(c) Browns Valley

(d) Crookston

(e) Canisteo Mine

(f) Delano

(g) East Grand Forks

(h) Golden Valley

(i) Grand Marais Creek

(j) Granite Falls

(k) Inver Grove Heights

(l) Manston Slough

(m) Oakport Township

(n) Riverton Township

(o) Roseau

(p) Shell Rock Watershed District

(q) St. Vincent

(r) Wild Rice River Watershed District

For any project listed in this subdivision
that the commissioner determines is not
ready to proceed or does not expend all the
money allocated to it, the commissioner may
allocate that project's money to a project on
the commissioner's priority list.

To the extent that the cost of a project in Ada,
Breckenridge, Browns Valley, Crookston,
Dawson, East Grand Forks, Granite Falls,
Montevideo, Oakport Township, Roseau,
St. Vincent, or Warren exceeds two percent
of the median household income in the
municipality multiplied by the number
of households in the municipality, this
appropriation is also for the local share of the
project. The local share for the St. Vincent
dike may not exceed $30,000.

new text begin Notwithstanding Minnesota Statutes,
section 16A.642, the bond authorization
and appropriation of bond proceeds in this
subdivision are available until June 30, 2014.
new text end

Sec. 8. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end