as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/08/2006 |
A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money for floodwater retention systems in Area II of the Minnesota
River Basin.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$500,000 is appropriated from the bond proceeds fund to the Board of Water and
Soil Resources for grants to assist local governments in Area II of the Minnesota River
Basin to acquire, design, and construct floodwater retention systems.
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The grants are not available until the commissioner determines that $1 has been
committed to the project from nonstate sources for every $3 of state grant.
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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
$500,000 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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Sections 1 and 2 are effective the day following final enactment.
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