1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for flood 
  1.4             hazard mitigation projects. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      (a) $38,100,000 is appropriated from the bond proceeds fund 
  1.8   to the commissioner of natural resources for the state share of 
  1.9   flood hazard mitigation grants under Minnesota Statutes, section 
  1.10  103F.161, for Warren, East Grand Forks, Montevideo, 
  1.11  Breckenridge, St. Anthony, St. Louis Park, Granite Falls, 
  1.12  Agassiz, Minneapolis, Oakport, Hay Creek, North Ottawa, Ross No. 
  1.13  7, and Crookston. 
  1.14     (b) The appropriation in paragraph (a) is also for the 
  1.15  local share of flood hazard mitigation projects under Minnesota 
  1.16  Statutes, section 103F.161, in Crookston, East Grand Forks, 
  1.17  Warren, Breckenridge, Montevideo, Granite Falls, and Oakport, to 
  1.18  the extent that the cost of each project exceeds two percent of 
  1.19  the median household income in the municipality multiplied by 
  1.20  the number of households in the municipality. 
  1.21     Sec. 2.  [BOND SALE.] 
  1.22     To provide the money appropriated in this act from the bond 
  1.23  proceeds fund, the commissioner of finance shall sell and issue 
  1.24  bonds of the state in an amount up to $38,100,000 in the manner, 
  1.25  upon the terms, and with the effect prescribed by Minnesota 
  2.1   Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  2.2   Constitution, article XI, sections 4 to 7. 
  2.3      Sec. 3.  [EFFECTIVE DATE.] 
  2.4      Sections 1 and 2 are effective the day following final 
  2.5   enactment.