HF 3163

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

A bill for an act
relating to capital improvements; appropriating money for flood hazard
mitigation grants for Austin, Albert Lea, and the Shell Rock Watershed District;
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 HAZARD MITIGATION; APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Austin. new text end

new text begin $5,260,000 is appropriated from the bond proceeds fund to
the commissioner of natural resources for a flood hazard mitigation grant under Minnesota
Statutes, section 103F.161, to the city of Austin for publicly owned capital improvements
to prevent or alleviate flood damage. This appropriation includes: $1,500,000 for land
acquisition; $3,260,000 for Phases 3, 4, 5, 6, 7, and 8 of the downtown levee and lift
station in Austin; and $500,000 for the Turtle Creek levee.
new text end

new text begin Subd. 2. new text end

new text begin Albert Lea. new text end

new text begin $500,000 is appropriated from the bond proceeds fund to the
commissioner of natural resources for a flood hazard mitigation grant under Minnesota
Statutes, section 103F.161, to the cit of Albert Lea to acquire land to prevent or alleviate
flood damage.
new text end

new text begin Subd. 3. new text end

new text begin Shell Rock Watershed District. new text end

new text begin $1,580,000 is appropriated from the bond
proceeds fund to the commissioner of natural resources for a flood hazard mitigation grant
under Minnesota Statutes, section 103F.161, to the Shell Rock Watershed District in
Freeborn County for construction of impoundments to prevent or alleviate flood damage.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$7,340,000 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. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end