HF 2239

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/15/2021 03:11pm

A bill for an act
relating to transportation; appropriating money for safety improvements to the
intersection of Trunk Highway 212 and Carver County Road 51; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin TRUNK HIGHWAY 212 AND CARVER COUNTY ROAD 51
INTERSECTION SAFETY IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $17,500,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for a grant to
Carver County for safety improvements to the intersection of Trunk Highway 212 and
Carver County Road 51.
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 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 $17,500,000 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 the bonds, must be deposited in the bond
proceeds account in the trunk highway 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