HF 3608

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for flood 
  1.4             hazard mitigation to the city of Stillwater. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $750,000 is appropriated from the bond proceeds fund to the 
  1.8   commissioner of natural resources for a flood hazard mitigation 
  1.9   grant to the city of Stillwater under Minnesota Statutes, 
  1.10  section 103F.161.  The grant is for stage III of the Stillwater 
  1.11  flood control project. 
  1.12     Sec. 2.  [BOND SALE.] 
  1.13     To provide the money appropriated in this act from the bond 
  1.14  proceeds fund, the commissioner of finance shall sell and issue 
  1.15  bonds of the state in an amount up to $750,000 in the manner, 
  1.16  upon the terms, and with the effect prescribed by Minnesota 
  1.17  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.18  Constitution, article XI, sections 4 to 7. 
  1.19     Sec. 3.  [EFFECTIVE DATE.] 
  1.20     Sections 1 and 2 are effective the day following final 
  1.21  enactment.