HF 1700

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/01/2021 04:01pm

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 from flood waters of the Minnesota River. This levee restoration must 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 construct 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