HF 1029

as introduced - 89th Legislature (2015 - 2016) Posted on 02/18/2015 11:20am

A bill for an act
relating to capital investment; appropriating money for infrastructure
improvements in the city of St. James; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin ST. JAMES; HIGHWAY 4 RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,130,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of St. James for
engineering, right-of-way acquisition, and reconstruction of streets, sidewalks, storm
water and sanitary sewer, water mains, lighting, utilities, and other capital improvements
of publicly owned infrastructure required for the reconstruction of marked Trunk Highway
4 in the city of St. James. Notwithstanding Minnesota Statutes, section 16A.86, this
appropriation does not require a local match.
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 $7,130,000 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