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 riverbank stabilization in
the lower Minnesota River; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$4,600,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the Lower Minnesota River Watershed
District for final design and construction of capital improvements necessary to stabilize the
riverbank, prevent erosion, and prevent future degradation of the water quality of the
Minnesota River resulting from Area 3 bank erosion in the city of Eden Prairie.
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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 $4,600,000 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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This section is effective the day following final enactment.
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