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SF 4080

as introduced - 91st Legislature (2019 - 2020) Posted on 03/06/2020 09:27am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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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. new text beginFLOOD HAZARD MITIGATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $600,000 is appropriated 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 practical, shall meet the state standard of three feet
above the 100-year flood elevation.
new text end

new text begin (c) Project priorities shall be determined by the commissioner as appropriate and based
on need.
new text end

new text begin (d) This appropriation includes money for the following county, township, and municipal
projects as prioritized by the commissioner: Round Lake Township and Sioux Valley
Township.
new text end

new text begin (e) For any project listed in this subdivision that the commissioner determines is not
ready to proceed or does not expend all the money allocated to it, the commissioner may
allocate that project's money to a project on the commissioner's priority list.
new text end

new text begin (f) To the extent that the cost of a project exceeds two percent of the median household
income in a municipality or township multiplied by the number of households in the
municipality or township, 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 $600,000 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