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HF 3628

as introduced - 91st Legislature (2019 - 2020) Posted on 02/20/2020 01:17pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - as introduced

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A bill for an act
 relating to capital investment; appropriating money for the 77th Street underpass
project in Richfield; authorizing the sale and issuance of state bonds; amending
Laws 2015, First Special Session chapter 5, article 1, section 10, subdivision 7, as
amended.

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

Section 1.

Laws 2015, First Special Session chapter 5, article 1, section 10, subdivision
7, as amended by Laws 2017, First Special Session chapter 8, article 2, section 32, is amended
to read:


Subd. 7.

Richfield - 77th Street Underpass

 10,000,000

For a grant to the city of Richfield for
right-of-way acquisition for an extension of
77th Street under marked Trunk Highway
77/Cedar Avenue in the city of Richfield to
provide local and regional access between
Richfield, the Minneapolis/St. Paul
International Airport, the city of Bloomington,
and the Mall of America. After right-of-way
acquisition is completed, the city may use any
remaining money appropriated in this
subdivision for construction of the extension.
Notwithstanding Minnesota Statutes, section
16A.642, the bond sale authorization and
appropriation of bond proceeds for the project
in this subdivision are available until
December 31, deleted text begin 2021deleted text end new text begin 2023new 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 RICHFIELD; 77TH STREET UNDERPASS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Richfield for the extension
of 77th Street under marked Trunk Highway 77/Cedar Avenue project in the city of Richfield,
and is added to the appropriation in Laws 2015, First Special Session chapter 5, article 1,
section 10, subdivision 7, as amended by Laws 2017, First Special Session chapter 8, article
2, section 32. This appropriation is not available until the commissioner of management
and budget determines that at least $13,800,000 has been committed from other sources to
complete the project. Contributions from other sources include other money spent on the
project before the effective date of this subdivision.
 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 $7,000,000 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