Bill Text: MN SF1868 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Lake Zumbro restoration bond issue and appropriation
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-02-25 - Referred to Finance [SF1868 Detail]
Download: Minnesota-2013-SF1868-Introduced.html
1.2relating to capital investment; appropriating money for restoration of Lake
1.3Zumbro; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. LAKE ZUMBRO.
1.6 Subdivision 1. Appropriation. $1,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of natural resources for a grant to Olmsted County for the
1.8removal of sedimentation in Lake Zumbro, including final engineering, dredging,
1.9and dredged soil disposal from the sites identified in the Preliminary Engineering
1.10Report for Dredging Lake Zumbro. This project is designed to improve the recreational
1.11economy, water quality, and habitat and increase water storage capacity within the lake to
1.12achieve renewable energy goals by optimizing long-term hydroelectric operations. This
1.13appropriation is available when the commissioner determines an equal match of nonstate
1.14funds have been committed to complete the project.
1.15 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.16bond proceeds fund, the commissioner of management and budget shall sell and issue
1.17bonds of the state in an amount up to $1,000,000 in the manner, upon the terms, and with
1.18the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.19Minnesota Constitution, article XI, sections 4 to 7.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Zumbro; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. LAKE ZUMBRO.
1.6 Subdivision 1. Appropriation. $1,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of natural resources for a grant to Olmsted County for the
1.8removal of sedimentation in Lake Zumbro, including final engineering, dredging,
1.9and dredged soil disposal from the sites identified in the Preliminary Engineering
1.10Report for Dredging Lake Zumbro. This project is designed to improve the recreational
1.11economy, water quality, and habitat and increase water storage capacity within the lake to
1.12achieve renewable energy goals by optimizing long-term hydroelectric operations. This
1.13appropriation is available when the commissioner determines an equal match of nonstate
1.14funds have been committed to complete the project.
1.15 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.16bond proceeds fund, the commissioner of management and budget shall sell and issue
1.17bonds of the state in an amount up to $1,000,000 in the manner, upon the terms, and with
1.18the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.19Minnesota Constitution, article XI, sections 4 to 7.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
