as introduced - 90th Legislature (2017 - 2018) Posted on 01/26/2017 01:58pm
Engrossments | ||
---|---|---|
Introduction | Posted on 01/26/2017 |
A bill for an act
relating to transportation; capital investment; appropriating money for marked
Trunk Highway 73 realignment; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$12,550,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for engineering,
right-of-way acquisition, and construction to realign portions of Route No. 163, marked as
Trunk Highway 73 on the effective date of this section, south of the city of Cromwell.
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 $12,550,000 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.
new text end
new text begin
This section is effective the day following final enactment.
new text end