SF 1107

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 01:02pm

A bill for an act
relating to capital investment; appropriating money to construct a new culvert
under U.S. Highway 29; authorizing the sale and issuance of state bonds.

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

Section 1. CULVERT UNDER U.S. HIGHWAY 29; DOUGLAS COUNTY.

Subdivision 1.

Appropriation.

$2,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Douglas County to install a new box
culvert under U.S. Highway 29 between Lake Le Homme Dieu and Lake Geneva and to
regrade and reconstruct a portion of U.S. Highway 29 to accommodate the new culvert.
This appropriation does not require a nonstate match.

Subd. 2.

Bond sale.

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 $2,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.