HF 504

as introduced - 87th Legislature (2011 - 2012) Posted on 02/14/2011 11:05am

A bill for an act
relating to capital investment; appropriating money to implement flood damage
reduction projects in the Red River of the North; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin FLOOD DAMAGE REDUCTION PROJECTS; FLOOD HAZARD
MITIGATION GRANTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $9,720,000 is appropriated from the bond
proceeds fund to the commissioner of natural resources 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, and enhance natural resources
consistent with the flood damage reduction mediation agreement.
new text end

new text begin (b) This appropriation includes money for the following watershed district projects:
new text end

new text begin (1) Shelly, Felton, Hendrum, and Perley, Wild Rice Watershed District, $5,100,000;
and
new text end

new text begin (2) Climax and Neilsville, Sand Hill River Watershed District, $4,620,000.
new text end

new text begin (c) 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.
new text end

new text begin (d) To the extent that the cost of a project to achieve three feet above the 100-year
flood protection in Shelly, Felton, Hendrum, Perley, Climax, or Neilsville 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.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation; Wild Rice Watershed District. new text end

new text begin (a) $1,435,000 is
appropriated from the bond proceeds fund to the commissioner of natural resources 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, and
to enhance natural resources consistent with the flood damage reduction mediation
agreement. Of this appropriation:
new text end

new text begin (1) $935,000 is for property acquisitions originally approved by the Federal
Emergency Management Agency for acquisition cost share and then later denied; and
new text end

new text begin (2) $500,000 is for river stability acquisitions.
new text end

new text begin (b) The appropriation for the project funded under paragraph (a), clause (1), is
eligible for up to 100 percent state flood hazard mitigation funding for the acquisition
and disposal of flood-damaged property.
new text end

new text begin (c) The project funded under paragraph (a), clause (2), requires a 50 percent match.
new text end

new text begin (d) 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.
new text end

new text begin Subd. 3. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $11,155,000 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

new text begin EFFECTIVE DATE. new text end

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