Bill Text: MN HF570 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Lake Redwood reclamation and enhancement project funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-02-13 - Introduction and first reading, referred to Environment, Natural Resources and Agriculture Finance [HF570 Detail]
Download: Minnesota-2013-HF570-Introduced.html
1.2relating to capital investment; appropriating money for the Lake Redwood
1.3reclamation and enhancement project; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. LAKE REDWOOD RECLAMATION AND ENHANCEMENT
1.7PROJECT.
1.8 Subdivision 1. Appropriation. $7,825,000 is appropriated from the bond
1.9proceeds fund to the commissioner of the Pollution Control Agency for a grant to the
1.10Redwood-Cottonwood Rivers control area, a joint powers entity, to predesign, design,
1.11construct, and equip the reservoir reclamation and enhancement of the 66-acre Lake
1.12Redwood Reservoir, to remove approximately 650,000 cubic yards of sediment and
1.13increase its depth from 2.8 feet to 20 feet in order to secure renewable energy capacity of the
1.14hydroelectric dam which is impeded by lack of water capacity, reduce the flow of pollutants
1.15to the Minnesota River, and increase fish habitat and enhance recreational opportunities.
1.16 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.17bond proceeds fund, the commissioner of management and budget shall sell and issue
1.18bonds of the state in an amount up to $7,825,000 in the manner, upon the terms, and with
1.19the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20Minnesota Constitution, article XI, sections 4 to 7.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
1.3reclamation and enhancement project; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. LAKE REDWOOD RECLAMATION AND ENHANCEMENT
1.7PROJECT.
1.8 Subdivision 1. Appropriation. $7,825,000 is appropriated from the bond
1.9proceeds fund to the commissioner of the Pollution Control Agency for a grant to the
1.10Redwood-Cottonwood Rivers control area, a joint powers entity, to predesign, design,
1.11construct, and equip the reservoir reclamation and enhancement of the 66-acre Lake
1.12Redwood Reservoir, to remove approximately 650,000 cubic yards of sediment and
1.13increase its depth from 2.8 feet to 20 feet in order to secure renewable energy capacity of the
1.14hydroelectric dam which is impeded by lack of water capacity, reduce the flow of pollutants
1.15to the Minnesota River, and increase fish habitat and enhance recreational opportunities.
1.16 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.17bond proceeds fund, the commissioner of management and budget shall sell and issue
1.18bonds of the state in an amount up to $7,825,000 in the manner, upon the terms, and with
1.19the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20Minnesota Constitution, article XI, sections 4 to 7.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
