SF 1276

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 10:06am

A bill for an act
relating to capital investment; appropriating money for predesign and preliminary
engineering for the removal of the Minnesota Falls Dam on the Minnesota River
near Granite Falls and for predesign and preliminary engineering for construction
of a rock rapids structure; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA FALLS DAM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $700,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to Yellow Medicine County for
predesign and preliminary engineering for the removal of the Minnesota Falls Dam on
the Minnesota River near Granite Falls and predesign and preliminary engineering for
construction of a rock rapids structure. This appropriation is contingent upon transfer of
ownership of the dam to the state or a political subdivision of the state.
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 subdivision 1 from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $700,000 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