Bill Text: MN SF1802 | 2011-2012 | 87th Legislature | Introduced
Bill Title: South St. Paul floodwall extension grant bond issue and appropriation
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2012-02-13 - Referred to Capital Investment [SF1802 Detail]
Download: Minnesota-2011-SF1802-Introduced.html
1.2relating to capital investment; appropriating money for the extension of the
1.3floodwall in the city of South St. Paul; 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. SOUTH ST. PAUL FLOODWALL EXTENSION.
1.7 Subdivision 1. Appropriation. $3,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the city
1.9of South St. Paul for the design and construction of the floodwall extension on the west
1.10shore of the Mississippi River from the area of Interstate Highway 494 to the southern
1.11border of South St. Paul. This appropriation is not available until the commissioner
1.12determines that at least an equal amount is committed to the project from nonstate sources.
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 $3,000,000 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.
1.3floodwall in the city of South St. Paul; 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. SOUTH ST. PAUL FLOODWALL EXTENSION.
1.7 Subdivision 1. Appropriation. $3,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the city
1.9of South St. Paul for the design and construction of the floodwall extension on the west
1.10shore of the Mississippi River from the area of Interstate Highway 494 to the southern
1.11border of South St. Paul. This appropriation is not available until the commissioner
1.12determines that at least an equal amount is committed to the project from nonstate sources.
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 $3,000,000 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.
