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HF 2952

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/16/2023 02:36pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for improvements to Cedar
Lake Road and Louisiana Avenue in Hennepin County; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin ST. LOUIS PARK; CEDAR LAKE ROAD AND LOUISIANA AVENUE
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $16,600,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for a grant to the city of St. Louis Park to predesign,
design, construct, furnish, and equip improvements to Cedar Lake Road from Jordan Avenue
to Kentucky Avenue and Louisiana Avenue from Wayzata Boulevard to the railroad bridge
south of Cedar Lake Road. This appropriation includes money for area bikeway and sidewalk
connections; replacement or repair of water, sewer, and storm sewer facilities; bikeway and
sidewalk improvements on roads adjacent to the project locations; other improvements or
upgrades related to street work including replacement of streetlights, signals, striping, and
signs; replacement or repair of pavement, curb, and gutter; roundabout construction; property
acquisition; and other improvements associated with street reconstruction work.
new text end

new text begin (b) This appropriation is available when the commissioner of management and budget
determines that sufficient resources have been committed to complete the project, as required
by Minnesota Statutes, section 16A.502.
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 $16,600,000 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