MN HF408

$2,300,000 is appropriated from the bond proceeds fund to the commissioner of natural resources for flood hazard mitigation grants to the Cedar River Watershed District.

Funds are designated for the state share of publicly owned capital improvements to prevent or alleviate flood damage under Minnesota Statutes, section 103F.161.

The commissioner of management and budget is authorized to sell and issue state bonds up to $2,300,000 to provide the appropriated funds.

Bond issuance follows procedures prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and the Minnesota Constitution, article XI, sections 4 to 7.

The bill becomes effective the day following final enactment.