HF 503

as introduced - 88th Legislature (2013 - 2014) Posted on 03/13/2013 06:51pm

A bill for an act
relating to capital investment; appropriating money for relocation of trails and
utilities in the city of Virginia made necessary by marked Trunk Highway 53
relocation; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RELOCATION OF UTILITIES AND TRAILS IN VIRGINIA.
new text end

new text begin Subdivision 1. new text end

new text begin Utilities relocation. new text end

new text begin $11,000,000 is appropriated from the bond
proceeds fund to the commissioner of employment and economic development for a
grant to the city of Virginia and the Virginia Public Utilities Commission for design,
engineering, construction, furnishing, and equipping of relocated gas, electric, water,
sanitary sewer, and storm sewer utilities made necessary by and in conjunction with the
relocation of marked Trunk Highway 53 in Virginia.
new text end

new text begin Subd. 2. new text end

new text begin Mesabi trails relocation. new text end

new text begin $1,200,000 is appropriated from the bond
proceeds fund to the commissioner of employment and economic development for a grant
to the St. Louis and Lake Counties Regional Railroad Authority for acquisition of land
or interests in land, design, engineering, construction, furnishing, and equipping of the
portions of the Mesabi bicycle, snowmobile, and ATV trails that must be relocated due to
the relocation of marked Trunk Highway 53.
new text end

new text begin Subd. 3. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $12,200,000 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