SF 295

as introduced - 88th Legislature (2013 - 2014) Posted on 02/08/2013 08:59am

A bill for an act
relating to capital improvements; transportation; authorizing spending for local
roads with statewide or regional significance and local bridges; authorizing the
sale and issuance of state bonds; appropriating money.

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

Section 1. new text begin APPROPRIATION FOR LOCAL BRIDGES.
new text end

new text begin $20,000,000 is appropriated to the commissioner of transportation from the bond
proceeds account in the state transportation fund to match federal money and to replace
or rehabilitate local deficient bridges as provided in Minnesota Statutes, section 174.50.
To the extent practicable, the commissioner shall expend the funds as provided under
Minnesota Statutes, section 174.50, subdivisions 6c and 7, paragraph (c). Political
subdivisions may use grants made under this section to construct or reconstruct bridges,
including but not limited to:
new text end

new text begin (1) matching federal aid grants to construct or reconstruct key bridges;
new text end

new text begin (2) paying the costs of preliminary engineering and environmental studies authorized
under Minnesota Statutes, section 174.50, subdivision 6a;
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new text begin (3) paying the costs to abandon an existing bridge that is deficient and in need of
replacement, but where no replacement will be made; and
new text end

new text begin (4) paying the costs to construct a road or street to facilitate the abandonment of
an existing bridge determined by the commissioner to be deficient, if the commissioner
determines that construction of the road or street is more economical than replacement of
the existing bridge.
new text end

Sec. 2. new text begin APPROPRIATION FOR ROUTES OF REGIONAL SIGNIFICANCE.
new text end

new text begin $64,000,000 is appropriated to the commissioner of transportation from the bond
proceeds account in the state transportation fund as provided in Minnesota Statutes,
section 174.50, for construction and reconstruction of local roads with statewide or
regional significance under Minnesota Statutes, section 174.52, subdivision 4.
new text end

Sec. 3. new text begin BOND SALE AUTHORIZATION.
new text end

new text begin To provide the money appropriated in this act from the state transportation fund,
the commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $84,000,000 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. The proceeds of the bonds, except accrued interest and any
premium received on the sale of the bonds, must be credited to a bond proceeds account
in the state transportation fund.
new text end

Sec. 4. new text begin EFFECTIVE DATE.
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new text begin This act is effective the day following final enactment.
new text end