as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 01/29/1998 |
1.1 A bill for an act 1.2 relating to water; authorizing state bonds; 1.3 appropriating money for the LQP-25/Lazarus Creek 1.4 floodwater retention project. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [LAZARUS CREEK FLOODWATER RETENTION PROJECT.] 1.7 Subdivision 1. [APPROPRIATION.] $1,250,000 is appropriated 1.8 from the bond proceeds fund to the board of water and soil 1.9 resources for a grant to Area II Minnesota River Basin Projects, 1.10 Inc. for construction of the LQP-25/Lazarus Creek floodwater 1.11 retention project. The grant may not exceed 75 percent of the 1.12 project's cost. The remaining 25 percent must be matched by 1.13 Area II Minnesota River Basin Projects, Inc. The appropriation 1.14 is available until expended. 1.15 Subd. 2. [BOND SALE.] To provide the money appropriated by 1.16 this section from the bond proceeds fund, the commissioner of 1.17 finance, on request of the governor, shall sell and issue bonds 1.18 of the state in an amount up to $1,250,000 in the manner, on the 1.19 terms, and with the effect prescribed by Minnesota Statutes, 1.20 sections 16A.631 to 16A.675, and by the Minnesota Constitution, 1.21 article XI, sections 4 to 7. 1.22 Sec. 2. [EFFECTIVE DATE.] 1.23 Section 1 is effective on the day following final enactment.