HF 2501

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital improvements; authorizing issuance 
  1.3             of state transportation bonds to match federal funds 
  1.4             and replace or rehabilitate local bridges; 
  1.5             appropriating money. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [BRIDGE BOND AUTHORIZATION.] 
  1.8      Subdivision 1.  [APPROPRIATION.] $30,000,000 is 
  1.9   appropriated from the state transportation fund as provided in 
  1.10  Minnesota Statutes, section 174.50, to replace or rehabilitate 
  1.11  key local bridges that are deficient. 
  1.12     Subd. 2.  [PURPOSES.] Political subdivisions may use grants 
  1.13  made under this section to construct or reconstruct bridges, 
  1.14  including: 
  1.15     (1) matching federal-aid grants to construct or reconstruct 
  1.16  key bridges; 
  1.17     (2) paying the costs of preliminary engineering and 
  1.18  environmental studies authorized under Minnesota Statutes, 
  1.19  section 174.50, subdivision 6a; 
  1.20     (3) paying the costs to abandon an existing bridge that is 
  1.21  deficient and in need of replacement, but where no replacement 
  1.22  will be made; and 
  1.23     (4) paying the costs to construct a road or street to 
  1.24  facilitate the abandonment of an existing bridge determined by 
  1.25  the commissioner to be deficient, if the commissioner determines 
  2.1   that construction of the road or street is more cost efficient 
  2.2   than the replacement of the existing bridge. 
  2.3      Sec. 2.  [TRANSPORTATION BONDS.] 
  2.4      To provide the money appropriated in section 1 from the 
  2.5   state transportation fund, the commissioner of finance, on 
  2.6   request of the governor, shall sell and issue general obligation 
  2.7   bonds of the state in an amount up to $30,000,000 in the manner, 
  2.8   upon the terms, and with the effect prescribed by Minnesota 
  2.9   Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  2.10  Constitution, article XI, sections 4 to 7.  The proceeds of the 
  2.11  bonds, except accrued interest and any premium received on the 
  2.12  sale of the bonds, must be credited to a bond proceeds account 
  2.13  in the state transportation fund. 
  2.14     Sec. 3.  [EFFECTIVE DATE.] 
  2.15     Sections 1 and 2 are effective July 1, 2000.