HF 349

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/17/2023 11:40am

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

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

Section 1. new text begin MOORHEAD; 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) $24,000,000 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 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 city of Moorhead to continue flood mitigation
and acquisition of flood prone properties to address the North Moorhead Project (Oakport
area) and gaps in city-wide protection consistent with and compatible to the Fargo-Moorhead
Diversion.
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 $24,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end