SF 3215

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 Austin flooding.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $5,700,000 is appropriated from the bond proceeds fund to the commissioner
of employment and economic development for grants to local units of government to
assist with the cost of rehabilitation and replacement of publicly owned infrastructure,
including storm sewers, wastewater and municipal utility service, drinking water systems,
and other infrastructure damaged by flooding in the area designated under Presidential
Declaration of Major Disaster, DR-1569, whether included in the original declaration or
added later by federal government action.
new text end

new text begin This appropriation may also be used to acquire real property substantially damaged
by flooding in the area included in DR-1569.
new text end

new text begin For the purposes of this appropriation, criteria, limitations, and repayment
requirements in Minnesota Statutes, sections 446A.07, 446A.072, and 446A.081, are
waived.
new text end

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

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,700,000 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

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