HF 2902

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

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

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

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

new text begin $24,167,000 is appropriated from the bond proceeds fund to the commissioner
of transportation for a grant to Hennepin County for engineering work, and to acquire
right-of-way for and construct the replacement of the Lowry Avenue Bridge carrying
County State-Aid Highway 153 across the Mississippi River in Minneapolis.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$24,167,000 in the manner, on 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end