HF 1545

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for a flood hazard
mitigation project for the city of Roseau; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin (a) $4,100,000 is appropriated from the bond proceeds fund to the commissioner of
natural resources for a flood hazard mitigation grant under Minnesota Statutes, section
103F.161, for the city of Roseau.
new text end

new text begin (b) This appropriation is for the state share of land acquisition, engineering and
design, and bridge construction costs for the U. S. Army Corps of Engineers East Diversion
Flood Control Project, which will protect the city of Roseau from recurring flooding.
new text end

new text begin (c) This appropriation is also for the local share of the flood hazard mitigation
project under Minnesota Statutes, section 103F.161, in Roseau to the extent that the cost
of the project exceeds two percent of the median household income in the municipality
multiplied by the number of households in the municipality.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$4,100,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end