1.1 A bill for an act
1.2 relating to capital improvements; appropriating money for flood hazard mitigation
1.3 in Area II of the Minnesota River Basin; authorizing the sale and issuance of state
1.4 bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. MINNESOTA RIVER BASIN.
1.7 Subdivision 1.Appropriation.$1,500,000 is appropriated from the bond proceeds fund
1.8to the Board of Water and Soil Resources for a grant to Minnesota River Basin Projects for
1.9the state's share of a flood hazard mitigation grant for capital improvements to prevent or
1.10alleviate flood damage in Area II of the Minnesota River Basin. This appropriation is not
1.11available until the board determines that $1 has been committed from nonstate sources for
1.12every $3 of state grant.
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.15the state in an amount up to $1,500,000 in the manner, upon the terms, and with the effect
1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.17Constitution, article XI, sections 4 to 7.
1.18 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/NS 25-0012510/17/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 31
NINETY-FOURTH SESSION
Authored by Torkelson and Swedzinski01/22/2025
The bill was read for the first time and referred to the Committee on Capital Investment