HF 1216

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/06/2023 07:07pm

A bill for an act
relating to capital investment; appropriating money for reconstruction of the
Hennepin Avenue Suspension Bridge; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin HENNEPIN COUNTY; HENNEPIN AVENUE SUSPENSION BRIDGE
RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $23,400,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation in accordance
with Minnesota Statutes, section 174.50, subdivision 6d, for a grant to Hennepin County
for reconstruction of the iconic and historic Hennepin Avenue Suspension Bridge and
approach bridges in the city of Minneapolis. This appropriation may be used for design
engineering, construction engineering, and/or reconstruction of the three bridges. This
appropriation may also be used for roadway approach work identified within the project
limits, including right-of-way acquisition, design, construction engineering, and construction.
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 state
transportation fund, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $23,400,000 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 the bond proceeds
account in the state transportation fund.
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