as introduced - 89th Legislature (2015 - 2016) Posted on 03/19/2015 03:58pm
Engrossments | ||
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Introduction | Posted on 03/09/2015 |
A bill for an act
relating to transportation; capital investment; appropriating money for
construction of an interchange at marked Trunk Highway 212 and Carver County
Road 140; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) $8,000,000 is appropriated from the bond
proceeds account in the trunk highway fund to the commissioner of transportation for
right-of-way acquisition and construction of an interchange at marked Trunk Highway
212 and Carver County Road 140 in the city of Chaska, to support the development of
approximately 400 acres of property in the city of Chaska's comprehensive plan.
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(b) Notwithstanding Minnesota Statutes, section 16A.28, this appropriation is
available for five years following the date of appropriation.
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To provide the money appropriated in subdivision 1 from the
bond proceeds account in the trunk highway fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $8,000,000 in the manner,
upon the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to
167.52, and by the Minnesota Constitution, article XIV, section 11, at the times and in the
amounts requested by the commissioner of transportation. The proceeds of the bonds,
except accrued interest and any premium received from the sale of the bonds, must be
deposited in the bond proceeds account in the trunk highway fund.
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This section is effective the day following final enactment.
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