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HF 930

as introduced - 90th Legislature (2017 - 2018) Posted on 02/13/2017 01:26pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 02/09/2017

Current Version - as introduced

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1.18

A bill for an act
relating to transportation; capital investment; appropriating money from the state
transportation fund for repair and rehabilitation of the 10th Avenue bridge in
Minneapolis; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $31,875,000 is appropriated from the bond proceeds
account in the state transportation fund to repair and rehabilitate the bridge over the
Mississippi River that is aligned on the east side of the river with 10th Avenue, also
designated Route 328, on the municipal state-aid system. 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 subdivision 1 from the bond
proceeds account, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $31,875,000 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, at the times and in the amounts requested by the
commissioner of transportation.
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