as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing issuance of state bonds;
appropriating money for road improvements in city of St. James.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
$309,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of St. James to
reconstruct 15th Street as a heavy-duty commercial bituminous street.
This appropriation is not available until the commissioner has determined that at
least an equal amount has been committed to the project from nonstate sources.
To provide the money appropriated in subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $309,000 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.
Section 1 is effective the day following final enactment.