SF 172

as introduced - 90th Legislature (2017 - 2018) Posted on 01/18/2017 09:12am

A bill for an act
relating to capital investment; appropriating money for reconstruction of a street
in the city of Blaine; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BLAINE; STREET RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,246,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Blaine to predesign, design, and reconstruct 105th Avenue in the vicinity of the National
Sports Center in Blaine. The reconstruction will include changing the street from five lanes
to four lanes with median, turn lanes, sidewalk, trail, landscaping, lighting, and consolidation
of access driveways. This appropriation is not available until the commissioner of
management and budget determines that at least $3,000,000 is committed to the project
from sources available to the city, including municipal state aid and county turnback funds.
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 $3,246,000 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