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HF 2431

as introduced - 91st Legislature (2019 - 2020) Posted on 04/01/2019 05:43pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation
grants; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin FLOOD HAZARD MITIGATION GRANTS; APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $75,000,000 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 damages under
Minnesota Statutes, section 103F.161. To the extent practical, community levee projects
shall meet the state standard of three feet above the 100-year flood elevation. Of this
appropriation, up to three percent may be used to implement the program.
new text end

new text begin (b) Project priorities shall be determined by the commissioner as appropriate, based on
need and consideration of available leveraging of federal, state, and local funds.
new text end

new text begin (c) This appropriation includes money for the following county and municipal projects:
Afton, Austin, Bloomington, Browns Valley, Delano, Golden Valley, Halstad, Hawley,
Hendrum, Inver Grove Heights, Montevideo, Newfolden, Nielsville, Owatonna, Moorhead,
Perley, Rushford, and St. Vincent.
new text end

new text begin (d) This appropriation includes money for the following watershed: Bois de Sioux
Watershed District, Cedar River Watershed District, Lower Minnesota River Watershed
District, Middle Snake Tamarac Rivers Watershed District, Prior Lake-Spring Lake
Watershed District, Red Lake Watershed District, Roseau River Watershed District, Sandhill
River Watershed District, Shell Rock River Watershed District, Two Rivers Watershed
District, Upper Minnesota River Watershed District, and Wild Rice River Watershed District.
new text end

new text begin (e) For any project listed in this subdivision that the commissioner determines is not
ready to proceed, does not have the nonstate match reserved, or does not expend all the
money granted to it, the commissioner may allocate that project's unexpended money to a
priority project on the commissioner's list.
new text end

new text begin (f) 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 (g) Local project match may include all costs associated with project planning,
engineering, acquisition, and construction. The project grants are based on a reimbursable
payment process and final reconciliation of the project's shared costs are determined by the
commissioner of natural resources upon project completion certification.
new text end

new text begin (h) In unique instances where the local project sponsor has expended project money for
engineering, acquisition, or construction prior to finalization of a grant agreement under
this section, those local expenditures are reimbursable consistent with the match requirements
of this section.
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 $75,000,000 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