HF 4464

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/21/2022 02:33pm

A bill for an act
relating to capital investment; appropriating money for improvements to the St.
Alban's Bay Bridge in the city of Excelsior; authorizing the sale and issuance of
state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin EXCELSIOR; ST. ALBAN'S BAY BRIDGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,900,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for one or more grants to the city of Excelsior, the
city of Greenwood, or both, to predesign, design, construct, and reconstruct the St. Alban's
Bay Bridge. This appropriation may also be used for right-of-way acquisition, design, and
construction engineering for roadway approach reconstruction identified within the St.
Alban's Bay Bridge project limits. This appropriation does not require a nonstate contribution.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $3,900,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end