as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital investment; authorizing spending to acquire and better public
land and buildings and other improvements of a capital nature; authorizing the
sale and issuance of state bonds; appropriating money for Browns Valley flood
hazard mitigation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) $1,500,000 is appropriated from the bond
proceeds fund to the commissioner of natural resources for flood hazard mitigation for
the city of Browns Valley, including predesign, design, and implementation of a flood
hazard diversion and coulee.
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(b) $3,900,000 is appropriated from the general fund to the commissioner of natural
resources to plan, design, and implement a flood hazard diversion for Browns Valley.
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To provide the money appropriated in subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $1,500,000 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.
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This section is effective the day following final enactment.
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