SF 3192

as introduced - 91st Legislature (2019 - 2020) Posted on 10/29/2020 10:17am

A bill for an act
relating to capital investment; appropriating money for the dam safety program,
including the rehabilitation of the Lake Bronson dam; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin DAM RENOVATION, REPAIR, REMOVAL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for design, engineering, and construction to
repair, reconstruct, or remove dams and respond to dam safety emergencies under Minnesota
Statutes, sections 103G.511 and 103G.515. Of this appropriation, $18,000,000 is for the
repair and rehabilitation of the Lake Bronson dam.
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 $20,000,000 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