SF 2481

as introduced - 89th Legislature (2015 - 2016) Posted on 03/11/2016 08:59am

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

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

Section 1. new text begin FLOOD HAZARD MITIGATION GRANTS; APPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $26,000,000 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. To the extent practical, community
levee projects shall meet the state standard of three feet above the 100-year flood elevation.
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, local, and state funds.
new text end

new text begin (c) This appropriation includes money for the following county and municipal
projects: Afton, Austin, Bloomington, Browns Valley, Delano, Golden Valley, Halstad,
Hawley, Hendrum, Inver Grove Heights, Montevideo, Nielsville, Ortonville, Owatonna,
Perley, Rushford, and St. Vincent.
new text end

new text begin (d) This appropriation includes money for projects in the following watersheds:
Bois de Sioux Watershed District, Buffalo Red River Watershed District, Cedar River
Watershed District, Lower Minnesota River Watershed District, Middle Snake Tamarac
Rivers Watershed District, Minnesota River Watershed District, Prior Lake-Spring Lake
Watershed District, Red Lake Watershed District, Roseau River Watershed District, Sand
Lake Watershed District, Shell Rock River Watershed District, Two Rivers Watershed
District, and Wild Rice River Watershed District.
new text end

new text begin (e) 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 priority project on the commissioner's list.
new text end

new text begin (f) To the extent that the cost of a municipal 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 $26,000,000 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