SF 2822

as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2018 09:14am

A bill for an act
relating to capital investment; appropriating money for water quality mitigation
of the Minnesota River-Mankato watershed; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin CITY OF MANKATO; WATER QUALITY MITIGATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,875,000 is appropriated from the bond proceeds fund
to the Board of Water and Soil Resources for a grant to the city of Mankato to acquire land
and to design and construct improvements to reduce erosion and improve water quality in
the Minnesota River-Mankato watershed. This appropriation includes money to restore
wetlands, complete in-channel improvements, improve hydraulic performance of the bridge
at the Indian Creek Diversion, and install riverbank stabilization along the Minnesota River.
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 $6,875,000 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