HF 4652

as introduced - 91st Legislature (2019 - 2020) Posted on 05/09/2020 01:15pm

A bill for an act
relating to capital investment; appropriating money for levee restoration in Carver;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CARVER; LEVEE RESTORATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $9,000,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Carver for capital
improvements to restore the Carver Levee protecting an important historic district in
Minnesota and the United States from flood waters of the Minnesota River. This levee
restoration will meet the requirements for FEMA certification. The project includes predesign,
design, engineering, land acquisition, and construction of capital improvements, including:
raising the height of the Carver Levee, constructing internal drainage, establishing
maintainable setbacks to adjacent structures, and certification by FEMA. The local
contribution will be $2,150,000 of nonstate money to this project. This appropriation does
not require a nonstate match, in recognition of the $1,200,000 in local funds that the city
has spent since 2016 to reconstruct internal drainage and construction of a new lift station
to protect the Carver Historic District during flood events.
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 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 $9,000,000 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