as introduced - 93rd Legislature (2023 - 2024) Posted on 01/30/2023 02:04pm
A bill for an act
relating to transportation; appropriating money for an interchange at marked U.S.
Highway 14 and County State-Aid Highway 44 in Olmsted County; authorizing
the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$42,100,000 is appropriated from the trunk highway
fund to the commissioner of transportation to acquire property, conduct environmental
analysis, predesign, design, engineer, acquire right-of-way for, construct, furnish, and equip
an interchange at marked U.S. Highway 14 and County State-Aid Highway 44, including
the flyover at 7th Street NW, in Olmsted County, and associated infrastructure and road
work to accommodate the interchange.
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To provide the money appropriated in this section from the bond
proceeds account in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $42,100,000 in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
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This section is effective the day following final enactment.
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