as introduced - 90th Legislature (2017 - 2018) Posted on 01/13/2017 10:12am
A bill for an act
relating to transportation; capital investment; appropriating money for a trunk
highway interchange and frontage roads in Watab; authorizing the sale and issuance
of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$12,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation to (1) acquire land,
predesign, design, and construct an interchange with related utilities at the intersection of
U.S. Highway 10, County Road 79, and County State-Aid Highway 4, and (2) construct
frontage roads on both sides of U.S. Highway 10, extending from the intersection of U.S.
Highway 10, County Road 79, and County State-Aid Highway 4 to 85th Street.
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To provide the money appropriated in subdivision 1 from the bond
proceeds account in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $12,000,000 in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of the bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
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This section is effective the day following final enactment.
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