HF 1009

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/17/2025 02:51 p.m.

A bill for an act
relating to capital investment; appropriating money for flood mitigation projects
in North Minneapolis; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNEAPOLIS; 35th AVENUE NORTH FLOOD MITIGATION
PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Minneapolis to design,
construct, and equip capital improvements for the replacement of aging and failing municipal
stormwater infrastructure, necessary to prevent recurring flooding in the Cleveland
neighborhood of North Minneapolis, focusing on portions of 34th, 35th, and Washburn
Avenues. This appropriation includes money for street reconstruction associated with the
project.
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 $20,000,000 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