SF 2867

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/04/2022 10:52am

A bill for an act
relating to capital investment; appropriating money for stormwater management
and flood control capital improvements in the city of Forest Lake; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin FOREST LAKE; STORMWATER MANAGEMENT AND FLOOD
CONTROL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,700,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Forest Lake to acquire
property and design capital improvements for stormwater management, flood control, climate
preparedness, and parks to achieve flood management and water quality goals and protect
surrounding and downstream communities.
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 $5,700,000 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