1.1 	A bill for an act
1.2 	relating to capital improvements; authorizing the issuance of state bonds; 
1.3 	appropriating money for flood mitigation in the city of Austin.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. AUSTIN FLOOD MITIGATION.
 1.6 		Subdivision 1.Appropriation. $5,704,000 is appropriated from the bond proceeds 
1.7 	fund to the commissioner of natural resources for a flood hazard mitigation grant to the 
1.8 	city of Austin for publicly owned  capital improvements to prevent or  alleviate flood 
1.9 	damage under Minnesota  Statutes, section 103F.161.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in this act from the bond 
1.11 	proceeds fund, the commissioner of finance shall sell and issue bonds of the state in an 
1.12 	amount up to $5,704,000 in the manner, upon the terms, and with the effect prescribed by 
1.13 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
1.14 	article XI, sections 4 to 7.

1.15 	Sec. 2. EFFECTIVE DATE.
 1.16 	Section 1 is effective the day following final enactment.