SF 3988

as introduced - 90th Legislature (2017 - 2018) Posted on 04/16/2018 03:56pm

A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation;
authorizing the sale and issuance of state bonds.

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

Section 1. FLOOD HAZARD MITIGATION.

Subdivision 1.

Appropriation.

(a) $30,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for the state share of flood hazard mitigation
grants for publicly owned capital improvements to prevent or alleviate flood damage under
Minnesota Statutes, section 103F.161.

(b) To the extent practical, levee projects shall meet the state standard of three feet above
the 100-year flood elevation.

(c) Project priorities shall be determined by the commissioner as appropriate, based on
need and consideration of available leveraging of federal, state, and local funds.

(d) This appropriation includes money for the following county and municipal projects:
Afton, Austin, Golden Valley, Halstad, Hendrum, Montevideo, Newfolden, Nielsville,
Moorhead, and Rushford.

(e) This appropriation includes money for the following watershed districts: Bois de
Sioux Watershed District, Middle Snake Tamarac Rivers Watershed District, Red Lake
Watershed District, Roseau River Watershed District, Sandhill River Watershed District,
Two Rivers Watershed District, Upper Minnesota River Watershed District, and Wild Rice
River Watershed District.

(f) For any project listed in this subdivision that the commissioner determines is not
ready to proceed, does not have the nonstate match secured, or does not expend all the
money granted to it, the commissioner may allocate that project's unexpended money to a
priority project on the commissioner's list.

(g) To the extent that the cost of a municipal project exceeds two percent of the median
household income in the municipality multiplied by the number of households in the
municipality, this appropriation is also for the local share of the project.

Subd. 2.

Bond sale.

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 $30,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.