SF 5411

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/12/2024 09:45am

A bill for an act
relating to capital investment; appropriating money for flood hazard mitigation in
the city of Moorhead, Clay County, and Wilkin County; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin FLOOD HAZARD MITIGATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $52,200,000 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.
new text end

new text begin (b) Levee projects, to the extent practicable, shall meet the state standard of three feet
above the 100-year flood elevation. Project priorities shall be determined by the commissioner
as appropriate, based on need and consideration of available leveraging of federal, state,
and local funds.
new text end

new text begin (c) Notwithstanding paragraph (b), $14,710,000 of this appropriation is for projects in
the city of Moorhead to mitigate and acquire flood-prone properties to address the North
Moorhead Project (Oakport area) and gaps in citywide protection consistent with and
compatible with the Fargo-Moorhead metropolitan diversion project. Any unspent portion
of this appropriation remaining after completion of the flood mitigation and land acquisition
is, after written notice to the commissioner of management and budget, available for a grant
to the Moorhead-Clay County Joint Powers Authority to construct improvements and acquire
land necessary for Fargo-Moorhead metropolitan diversion project components in Clay
County and Wilkin County.
new text end

new text begin (d) To the extent that the cost of a project exceeds two percent of the median household
income in a municipality multiplied by the number of households in the municipality, this
appropriation is also for the local share of the project.
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 $52,200,000 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