as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money for flood hazard mitigation in Oakport Township in Clay
County.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$13,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for the flood hazard mitigation program
under Minnesota Statutes, section 103F.161. This appropriation is for the Oakport
Township project, including levee construction and acquisition of real property. To the
extent that the cost of the project exceeds two percent of the median household income in
the township multiplied by the number of households in the township, this appropriation
is also for the local share of the project.
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To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue bonds of the state in an
amount up to $13,000,000 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.
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Section 1 is effective the day following final enactment.
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