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SF 473

as introduced - 90th Legislature (2017 - 2018) Posted on 01/31/2017 09:18am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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


new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $9,940,000 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 damages under
Minnesota Statutes, section 103F.161. Community levee projects to the extent practical,
shall meet the state standard of three feet above the 100-year flood elevation. Of this
appropriation, $1,800,000 is for the city of Ortonville, $750,000 is for the city of Browns
Valley, $7,000,000 is for Redpath Township, and $390,000 is for the Bois de Sioux
Watershed District for Big Lake Herman.
new text end

new text begin (b) Project priorities shall be determined by the commissioner as appropriate, based on
need and consideration of available leveraging of federal, state, and local funds.
new text end

new text begin (c) For any project listed in this subdivision that the commissioner determines is not
ready to proceed or does not expend all the money allocated to it, the commissioner may
allocate that project's money to a project on the commissioner's priority list.
new text end

new text begin (d) To the extent that the cost of a 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 $9,940,000 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