HF 2461

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:04am

A bill for an act
relating to capital improvements; appropriating money for the Lowry Avenue
Bridge Phase II; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION; PHASE II LOWRY AVENUE BRIDGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to Hennepin County for Phase
II of the project for the removal of the existing Canadian Pacific (CP) Rail bridge and
crib wall structure supporting the roadway, construction of a retaining wall structure to
support Lowry Avenue, construction of an extension of Phase I, the construction and
replacement of the Lowry Avenue Bridge carrying County State-Aid Highway 153 across
the Mississippi River in Minneapolis.
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 $10,000,000 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