HF 497

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money
to design flood mitigation measures in the city of
Cannon Falls; authorizing the sale of state bonds.

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

Section 1. new text begin CANNON FALLS FLOOD MITIGATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $175,000 is appropriated
from the bond proceeds fund to the commissioner of natural
resources for the state share of a flood hazard mitigation grant
to the city of Cannon Falls for publicly owned capital
improvements to prevent or alleviate flood damage under
Minnesota Statutes, section 103F.161. This appropriation is to
predesign and design a project to alleviate the flooding caused
by water runoff from the bluffs, and the flooding of the Big and
Little Cannon Rivers.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in
this act from the bond proceeds fund, the commissioner of
finance shall sell and issue bonds of the state in an amount up
to $175,000 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. 2. new text begin EFFECTIVE DATE.
new text end

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