1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the Rice Creek Watershed
1.3 District; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. RICE CREEK WATERSHED DISTRICT; FLOOD HAZARD
1.6MITIGATION.
1.7 Subdivision 1.Appropriation.$7,000,000 is appropriated from the bond proceeds fund
1.8to the commissioner of natural resources for a grant to the Rice Creek Watershed District
1.9for flood hazard mitigation projects in the marked Interstate Highway 35W corridor, including
1.10constructing water storage and treatment basins and augmenting water conveyance systems,
1.11to alleviate flooding in the cities of New Brighton, St. Anthony Village, and Roseville.
1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $7,000,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-02640 as introduced01/23/25 REVISOR JSK/KR
SENATE
STATE OF MINNESOTA
S.F. No. 1358NINETY-FOURTH SESSION
(SENATE AUTHORS: KUNESH)
OFFICIAL STATUSD-PGDATE
Introduction and first reading02/13/2025
Referred to Capital Investment