SF 1851

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital investment; appropriating money 
  1.3             for flood hazard mitigation in the city of Inver Grove 
  1.4             Heights; authorizing the issuance of general 
  1.5             obligation bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATION; INVER GROVE HEIGHTS FLOOD 
  1.8   HAZARD MITIGATION GRANT.] 
  1.9      $1,200,000 is appropriated from the bond proceeds fund to 
  1.10  the commissioner of natural resources for a grant to the city of 
  1.11  Inver Grove Heights for flood hazard mitigation under Minnesota 
  1.12  Statutes, section 103F.161. 
  1.13     Sec. 2.  [BOND SALE.] 
  1.14     To provide the money appropriated in section 1 from the 
  1.15  bond proceeds fund, the commissioner of finance shall sell and 
  1.16  issue bonds of the state in an amount up to $1,200,000 in the 
  1.17  manner, on the terms, and with the effect prescribed by 
  1.18  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.19  Minnesota Constitution, article XI, sections 4 to 7. 
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     Sections 1 and 2 are effective the day following final 
  1.22  enactment.