HF 598

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/19/2023 02:56pm

A bill for an act
relating to capital investment; appropriating money for improvements to local
roads and infrastructure in the city of Madelia; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin MADELIA; LOCAL ROAD AND INFRASTRUCTURE
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,800,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for a grant to the city of Madelia for improvements
to Center Avenue from Old Highway 60 Southeast to Main Street, Main Street from Center
Avenue South to Center Avenue North, and Center Avenue North from Main Street to the
northern city limit. Improvements include predesign; design; construction; replacement or
repair and installation of water, sewer, and storm sewer utilities; street reconstruction,
including improvements on roads adjacent to the project locations; and other improvements
or upgrades related to street work. This appropriation does not require a nonstate contribution.
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 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 $12,800,000 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