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 hazard mitigation in Oakport Township in Clay 
1.4 	County.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. OAKPORT TOWNSHIP FLOOD MITIGATION.
 1.7 		Subdivision 1.Appropriation. $13,000,000 is appropriated from the bond proceeds 
1.8 	fund to the commissioner of natural resources for the flood hazard mitigation program 
1.9 	under Minnesota Statutes, section 103F.161. This appropriation is for the Oakport 
1.10 	Township project, including levee construction and acquisition of real property. To the 
1.11 	extent that the cost of the project exceeds two percent of the median household income in 
1.12 	the township multiplied by the number of households in the township, this appropriation 
1.13 	is also for the local share of the project.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this act from the bond 
1.15 	proceeds fund, the commissioner of finance shall sell and issue bonds of the state in an 
1.16 	amount up to $13,000,000 in the manner, upon the terms, and with the effect prescribed by 
1.17 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
1.18 	article XI, sections 4 to 7.

1.19 	Sec. 2. EFFECTIVE DATE.
 1.20 	Section 1 is effective the day following final enactment.