1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for flood hazard mitigation 
1.3 	grants; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FLOOD HAZARD MITIGATION GRANTS; APPROPRIATION.
 1.6 		Subdivision 1.Appropriation. (a) $55,000,000 is appropriated from the bond 
1.7 	proceeds fund to the commissioner of natural resources for the state share of flood hazard 
1.8 	mitigation grants for publicly owned capital improvements to prevent or alleviate flood 
1.9 	damage under Minnesota Statutes, section 103F.161. Levee projects, to the extent 
1.10 	practical, shall meet the state standard of three feet above the 100-year flood elevation.
1.11 	(b) Project priorities shall be determined by the commissioner as appropriate, based 
1.12 	on need.
1.13 	(c) This appropriation includes money for the following county and municipal 
1.14 	projects as prioritized by the commissioner: Ada, Afton, Alvarado, Argyle, Austin, 
1.15 	Borup, Climax, Delano, Felton, Granite Falls, Halstad, Inver Grove Heights, Montevideo, 
1.16 	Moorhead, Nielsville, Oakport Township, Oslo, St. Vincent, Shell Rock, and Shelly.
1.17 	(d) This appropriation includes money for the following projects: North Ottawa, 
1.18 	Bois de Sioux Watershed District; and Red Path, Bois de Sioux Watershed District.
1.19 		Subd. 2.Bond sale. To provide the money appropriated in this act from the bond 
1.20 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.21 	the state in an amount up to $55,000,000 in the manner, upon the terms, and with the effect 
1.22 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.23 	Constitution, article XI, sections 4 to 7.

2.1 	EFFECTIVE DATE. This section is effective the day following final enactment.