as introduced - 88th Legislature (2013 - 2014) Posted on 03/01/2013 09:03am
A bill for an act
relating to capital improvements; appropriating money to design and reconstruct
a levee in the city of Montevideo; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$3,500,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a flood hazard mitigation grant to the
city of Montevideo for publicly owned capital improvements to prevent or alleviate flood
damage under Minnesota Statutes, section 103F.161. This appropriation may be used for
design and reconstruction of the levee built in 1969.
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 $3,500,000 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
This section is effective the day following final enactment.
new text end