HF 586

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of trunk highway bonds; appropriating money 
  1.4             for the preparation of plans and specifications for 
  1.5             expansion of marked trunk highway 252 between marked 
  1.6             trunk highway 610 and I-94 in Hennepin county. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  [APPROPRIATION.] 
  1.9      $3,000,000 is appropriated from the bond proceeds account 
  1.10  in the trunk highway fund to the commissioner of transportation 
  1.11  for the completion of engineering and environmental studies for 
  1.12  the addition of new travel lanes to reduce congestion on marked 
  1.13  trunk highway 252 in the city of Brooklyn Park.  This 
  1.14  appropriation is available for conducting all necessary planning 
  1.15  and public involvement actions leading to construction.  Plans 
  1.16  for marked trunk highway 252 must include all necessary 
  1.17  improvements to appropriate segments of other trunk highways, 
  1.18  related county and city roads, and infrastructure. 
  1.19     Sec. 2.  [BOND SALE.] 
  1.20     To provide the money appropriated in this act from the 
  1.21  trunk highway fund, the commissioner of finance shall sell and 
  1.22  issue bonds of the state in an amount up to $3,000,000 in the 
  1.23  manner, upon the terms, and with the effect prescribed by 
  1.24  Minnesota Statutes, sections 167.50 to 167.52, and by the 
  1.25  Minnesota Constitution, article XIV, section 11, at the times 
  1.26  and in the amounts requested by the commissioner of 
  2.1   transportation.  The proceeds of the bonds, except accrued 
  2.2   interest and any premium received from the sale of the bonds, 
  2.3   must be deposited in the bond proceeds account in the trunk 
  2.4   highway fund. 
  2.5      Sec. 3.  [EFFECTIVE DATE.] 
  2.6      Sections 1 and 2 are effective the day following final 
  2.7   enactment.