Bill Text: MN SF583 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Otter Tail county flood-damaged county roads and Phelps Mill dam reconstruction grants bond issue and appropriation
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2011-03-07 - Author added Gazelka [SF583 Detail]
Download: Minnesota-2011-SF583-Introduced.html
1.2relating to capital investment; appropriating money for a grant to Otter Tail
1.3County for reconstruction of flood-damaged property; authorizing the sale and
1.4issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. OTTER TAIL COUNTY; RECONSTRUCTION OF
1.7FLOOD-DAMAGED PROPERTY.
1.8 Subdivision 1. Appropriation. (a) $1,717,000 is appropriated from the bond
1.9proceeds fund to the commissioner of transportation for a grant to Otter Tail County to
1.10reconstruct flood-damaged county roads.
1.11(b) $2,233,000 is appropriated from the bond proceeds fund to the commissioner of
1.12employment and economic development for a grant to Otter Tail County to reconstruct the
1.13flood-damaged dam at Phelps Mill.
1.14 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.15bond proceeds fund, the commissioner of management and budget shall sell and issue
1.16bonds of the state in an amount up to $3,950,000 in the manner, upon the terms, and with
1.17the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.18Minnesota Constitution, article XI, sections 4 to 7.
1.19EFFECTIVE DATE.This section is effective the day following final enactment.
1.3County for reconstruction of flood-damaged property; authorizing the sale and
1.4issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. OTTER TAIL COUNTY; RECONSTRUCTION OF
1.7FLOOD-DAMAGED PROPERTY.
1.8 Subdivision 1. Appropriation. (a) $1,717,000 is appropriated from the bond
1.9proceeds fund to the commissioner of transportation for a grant to Otter Tail County to
1.10reconstruct flood-damaged county roads.
1.11(b) $2,233,000 is appropriated from the bond proceeds fund to the commissioner of
1.12employment and economic development for a grant to Otter Tail County to reconstruct the
1.13flood-damaged dam at Phelps Mill.
1.14 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.15bond proceeds fund, the commissioner of management and budget shall sell and issue
1.16bonds of the state in an amount up to $3,950,000 in the manner, upon the terms, and with
1.17the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.18Minnesota Constitution, article XI, sections 4 to 7.
1.19EFFECTIVE DATE.This section is effective the day following final enactment.
