Bill Text: MN HF616 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Area II floodwater retention system grant funding provided, bonds issued, and money appropriated.
Sponsorship: Moderate Partisan Bill (Republican 4-1)
Status: (Introduced - Dead) 2013-02-14 - Introduction and first reading, referred to Environment, Natural Resources and Agriculture Finance [HF616 Detail]
Download: Minnesota-2013-HF616-Introduced.html
1.2relating to capital investment; appropriating money for Area II floodwater
1.3retention system grants; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. AREA II GRANTS.
1.6 Subdivision 1. Appropriation. $....... is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources for grants to assist local governments
1.8in Area II of the Minnesota River Basin to acquire, design, and construct floodwater
1.9retention systems. The grants are not available until the board determines that $1 has been
1.10committed to the project from nonstate sources for every $3 of state grant.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $....... in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3retention system grants; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. AREA II GRANTS.
1.6 Subdivision 1. Appropriation. $....... is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources for grants to assist local governments
1.8in Area II of the Minnesota River Basin to acquire, design, and construct floodwater
1.9retention systems. The grants are not available until the board determines that $1 has been
1.10committed to the project from nonstate sources for every $3 of state grant.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $....... in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
