as introduced - 87th Legislature (2011 - 2012) Posted on 03/28/2011 09:47am
Engrossments | ||
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Introduction | Posted on 03/28/2011 |
A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation in
New Ulm; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of New Ulm
for publicly owned capital improvements to prevent or alleviate flood damage under
Minnesota Statutes, section 103F.161.
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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 $1,000,000 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.
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This section is effective the day following final enactment.
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