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 a highway overpass in
the city of Staples; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$250,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Staples in Todd County
to predesign, design, and construct a highway overpass over U.S. Highway 10 and the
Burlington Northern Santa Fe Railroad tracks in Staples.
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The appropriation is not available until the commissioner determines that at least an
equal amount has been committed to the project from nonstate sources.
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To provide the money appropriated in section 1 from the bond
proceeds fund, the commissioner of finance shall sell and issue bonds of the state in an
amount up to $250,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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