SF 2665

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; authorizing spending to acquire and better
public land and buildings and other public improvements of a capital nature;
appropriating money for flood hazard mitigation projects in the Wild Rice
Watershed District; authorizing the issuance of general obligation bonds.

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

Section 1. new text begin APPROPRIATION; WILD RICE WATERSHED DISTRICT, FLOOD
HAZARD MITIGATION PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin Felton Ditch sub basin. new text end

new text begin $3,000,000 is appropriated from the bond
proceeds fund to the commissioner of natural resources for a grant to the Wild Rice
Watershed District for flood hazard mitigation projects within the Felton Ditch sub basin,
including engineering and design work, acquisition of approximately 1,200 acres, and
construction and development of the area for floodwater storage. This appropriation is not
available until the commissioner of finance determines that at least an equal amount is
available from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Wild Rice flood hazard prevention predesign. new text end

new text begin $1,000,000 is appropriated
from the bond proceeds fund to the commissioner of natural resources for a grant to
the Wild Rice Watershed District for predesign of the federally preferred alternative of
flood hazard prevention work on the Wild Rice River, including geotechnical studies and
ecosystem restoration analysis and implementation of setback levees and channel/riparian
corridor restoration along approximately 23 miles of the river. This appropriation is not
available until the commissioner of finance determines that at least an equal amount is
available from nonstate sources.
new text end

new text begin Subd. 3. new text end

new text begin South Branch storage initiative. new text end

new text begin $1,500,000 is appropriated from the
bond proceeds fund to the commissioner of natural resources for a grant to the Wild
Rice Watershed District for the first year of development of upper basin sites to provide
floodwater storage and lower off-channel flood storage to control floodwaters from an
approximately 250 square mile drainage area. This appropriation is not available until
the commissioner of finance determines that at least an equal amount is available from
nonstate sources.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,500,000 in the manner, on 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end