1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for flood mitigation projects 
1.3 	in North Minneapolis; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. MINNEAPOLIS; 35th AVENUE NORTH FLOOD MITIGATION 
1.6 	PROJECT.
 1.7 		Subdivision 1.Appropriation. $20,000,000 is appropriated from the bond proceeds 
1.8 	fund to the Public Facilities Authority for a grant to the city of Minneapolis to design, 
1.9 	construct, and equip capital improvements for the replacement of aging and failing municipal 
1.10 	stormwater infrastructure, necessary to prevent recurring flooding in the Cleveland 
1.11 	neighborhood of North Minneapolis, focusing on portions of 34th, 35th, and Washburn 
1.12 	Avenues. This appropriation includes money for street reconstruction associated with the 
1.13 	project.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.15 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.16 	the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect 
1.17 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.18 	Constitution, article XI, sections 4 to 7.

1.19 	EFFECTIVE DATE. This section is effective the day following final enactment.