HF 1600

as introduced - 91st Legislature (2019 - 2020) Posted on 02/25/2019 02:54pm

A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation in
the Buffalo-Red River Watershed District; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin BUFFALO-RED RIVER WATERSHED DISTRICT; FLOOD HAZARD
MITIGATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $4,800,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for the state share of flood hazard mitigation
grants for publicly owned capital improvements to prevent or alleviate flood damage under
Minnesota Statutes, section 103F.161.
new text end

new text begin (b) To the extent practical, levee projects shall meet the state standard of three feet above
the 100-year flood elevation.
new text end

new text begin (c) This appropriation is for a grant to the Buffalo-Red River Watershed District for the
Stony Creek Water Resource Management Project, a 7,000 acre-feet gated off-channel
impoundment that provides an 80 percent reduction of peak flows on Stony Creek.
new text end

new text begin (d) To the extent that the cost of a municipal project exceeds two percent of the median
household income in the municipality multiplied by the number of households in the
municipality, this appropriation is also for the local share of 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 $4,800,000 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