SF 2429

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money to mitigate flooding at 
  1.4             Lake of the Isles.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $6,000,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of natural resources for a grant under 
  1.9   Minnesota Statutes, section 103F.161, or other law to the 
  1.10  Minneapolis park and recreation board to mitigate flooding at 
  1.11  Lake of the Isles in the city of Minneapolis.  Funds 
  1.12  appropriated by this section must be used for shoreline 
  1.13  stabilization and restoration, dredging, wetland replacement, 
  1.14  and other infrastructure improvements necessary to deal with the 
  1.15  1997 flood damage and to prevent future flooding. 
  1.16     Sec. 2.  [BOND SALE.] 
  1.17     To provide the money appropriated by section 1 from the 
  1.18  bond proceeds fund, the commissioner of finance, on request of 
  1.19  the governor, shall sell and issue bonds of the state in an 
  1.20  amount up to $6,000,000 in the manner, on the terms, and with 
  1.21  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.22  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.23  4 to 7. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     This act is effective the day following its final enactment.