as introduced - 90th Legislature (2017 - 2018) Posted on 02/28/2017 09:13am
A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation
projects in the Buffalo-Red River Watershed; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$16,190,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources. This appropriation is for the state share of
a flood hazard mitigation grant to the Buffalo-Red River Watershed District for publicly
owned capital improvements to prevent or alleviate flood damage under Minnesota Statutes,
section 103F.161.
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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 $16,190,000 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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