HF 2809

as introduced - 89th Legislature (2015 - 2016) Posted on 03/10/2016 03:04pm

A bill for an act
relating to capital investment; appropriating money for road and infrastructure
improvements in the city of Princeton; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin PRINCETON ROAD AND INFRASTRUCTURE IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Sewer and water infrastructure. new text end

new text begin $689,500 is appropriated from the
bond proceeds fund to the commissioner of employment and economic development for
a grant to the city of Princeton to predesign, design, and construct new sewer and water
infrastructure from 21st Avenue to the Princeton Industrial Park, southeast of the marked
Trunk Highway 95 and 21st Avenue intersection in the city of Princeton. This appropriation
is not available until the commissioner of management and budget determines that an
amount sufficient to complete the project is committed to the project from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Multipurpose trail. new text end

new text begin $13,740 is appropriated from the bond proceeds
fund to the commissioner of transportation to acquire right-of-way for and to predesign,
design, and construct a multiuse trail to run along marked Trunk Highway 95 between 21st
Avenue and Mille Lacs County State-Aid Highway 31 in or near the city of Princeton.
This appropriation is not available until the commissioner of management and budget
determines that an amount sufficient to complete the project is committed to the project
from nonstate sources.
new text end

new text begin Subd. 3. new text end

new text begin Trunk highway roundabouts. new text end

new text begin $110,187 is appropriated from the trunk
highway fund to the commissioner of transportation to predesign, design, and construct a
roundabout on marked Trunk Highway 95 at the intersection with 21st Avenue in the city
of Princeton. This appropriation is not available until the commissioner of management
and budget determines that an amount sufficient to complete the project is committed to
the project from other sources.
new text end

new text begin Subd. 4. 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 $703,240 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