HF 3072

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/22/2023 08:13am

A bill for an act
relating to capital investment; transportation; appropriating money for the
realignment of Trunk Highway 60 and local infrastructure related thereto in the
city of Wabasha; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin WABASHA; LOCAL INFRASTRUCTURE FOR TRUNK HIGHWAY
60 REALIGNMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,894,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Wabasha to predesign, design,
engineer, and construct the local roads portions of the realignment of Trunk Highway 60
in the city of Wabasha, including associated improvements and betterments of a capital
nature to increase pedestrian safety and develop workforce housing.
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 $4,894,000 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

Sec. 2. new text begin WABASHA; TRUNK HIGHWAY 60 REALIGNMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,738,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation to predesign,
design, engineer, and construct the realignment of Trunk Highway 60 in the city of Wabasha.
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 account in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $3,738,000 in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of the bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
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