HF 228

as introduced - 90th Legislature (2017 - 2018) Posted on 01/13/2017 10:20am

A bill for an act
relating to capital investment; appropriating money for an interchange on marked
Interstate Highway 94 in Dayton; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BROCKTON LANE INTERCHANGE PROJECT; APPROPRIATION
AND TRUNK HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation for the I-94/Brockton Lane
Interchange Project to construct an interchange and auxiliary lanes on marked Interstate
Highway 94 east of the Hennepin County State-Aid Highway 101 (Brockton Lane) overpass
in the city of Dayton.
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 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 $....... 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.
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