HF 1926

as introduced - 89th Legislature (2015 - 2016) Posted on 03/16/2015 03:06pm

A bill for an act
relating to capital investment; appropriating money to replace the 5th Street
Southeast bridge over Interstate Highway 35W in Minneapolis; authorizing
the issuance of state bonds.

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

Section 1. new text begin 5TH STREET SOUTHEAST BRIDGE; MINNEAPOLIS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $600,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Minneapolis to replace
the 5th Street Southeast bridge over Interstate Highway 35W, including demolition,
predesign, design, constructing, and equipping a new bridge for pedestrians, bikes, and
wheelchairs having a wider bridge deck; improvements to the entry and exit points; and
making the bridge compliant with the Americans with Disabilities Act. This appropriation
is not available until at least an equal amount is committed from nonstate sources.
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 act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $600,000 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