Bill Text: MN SF1542 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Minnesota River basin area II floodwater retention systems grant bond issue and appropriation
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2013-04-08 - Author added Sparks [SF1542 Detail]
Download: Minnesota-2013-SF1542-Introduced.html
1.2relating to capital investment; appropriating money for the Area II Minnesota
1.3River Basin; 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 MINNESOTA RIVER BASIN.
1.6 Subdivision 1. Appropriation. $425,000 is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources for a grant to Area II River Basin
1.8Projects, Inc., established pursuant to Minnesota Statutes, sections 103F.371 to 103F.187,
1.9to acquire, design, and construct floodwater retention systems for the Lake Yankton
1.10Floodwater Retention Study within the Des Moines River Watershed. A grant for a project
1.11is not available until the board determines that at least $1 has been committed to the
1.12project from nonstate sources for every $3 of state grant.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $425,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3River Basin; 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 MINNESOTA RIVER BASIN.
1.6 Subdivision 1. Appropriation. $425,000 is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources for a grant to Area II River Basin
1.8Projects, Inc., established pursuant to Minnesota Statutes, sections 103F.371 to 103F.187,
1.9to acquire, design, and construct floodwater retention systems for the Lake Yankton
1.10Floodwater Retention Study within the Des Moines River Watershed. A grant for a project
1.11is not available until the board determines that at least $1 has been committed to the
1.12project from nonstate sources for every $3 of state grant.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $425,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
