Bill Text: MN SF2096 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Moorhead flood damage reduction and hazard mitigation grants bond issue and appropriation
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-02-27 - Referred to Capital Investment [SF2096 Detail]
Download: Minnesota-2011-SF2096-Introduced.html
1.2relating to capital investment; appropriating money for flood mitigation
1.3improvements in Moorhead; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MOORHEAD; FLOOD DAMAGE REDUCTION PROJECTS;
1.6FLOOD HAZARD MITIGATION GRANTS.
1.7 Subdivision 1. Appropriation. (a) $20,000,000 is appropriated from the bond
1.8proceeds fund to the commissioner of natural resources for the state share of flood hazard
1.9mitigation grants for publicly owned capital improvements to prevent or alleviate flood
1.10damage under Minnesota Statutes, section 103F.161. This appropriation is for flood
1.11mitigation infrastructure improvements and property acquisition in Moorhead.
1.12(b) For the purposes of determining any nonstate match required, the project is
1.13defined to include all local flood-related activities subsequent to April 2009.
1.14(c) To the extent that the cost of the project exceeds two percent of the median
1.15household income in the municipality multiplied by the number of households in the
1.16municipality, this appropriation is also for the local share of the project.
1.17 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.18bond proceeds fund, the commissioner of management and budget shall sell and issue
1.19bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.20the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21Minnesota Constitution, article XI, sections 4 to 7.
1.22EFFECTIVE DATE.This section is effective the day following final enactment.
1.3improvements in Moorhead; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MOORHEAD; FLOOD DAMAGE REDUCTION PROJECTS;
1.6FLOOD HAZARD MITIGATION GRANTS.
1.7 Subdivision 1. Appropriation. (a) $20,000,000 is appropriated from the bond
1.8proceeds fund to the commissioner of natural resources for the state share of flood hazard
1.9mitigation grants for publicly owned capital improvements to prevent or alleviate flood
1.10damage under Minnesota Statutes, section 103F.161. This appropriation is for flood
1.11mitigation infrastructure improvements and property acquisition in Moorhead.
1.12(b) For the purposes of determining any nonstate match required, the project is
1.13defined to include all local flood-related activities subsequent to April 2009.
1.14(c) To the extent that the cost of the project exceeds two percent of the median
1.15household income in the municipality multiplied by the number of households in the
1.16municipality, this appropriation is also for the local share of the project.
1.17 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.18bond proceeds fund, the commissioner of management and budget shall sell and issue
1.19bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.20the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21Minnesota Constitution, article XI, sections 4 to 7.
1.22EFFECTIVE DATE.This section is effective the day following final enactment.
