HF 4769

as introduced - 92nd Legislature (2021 - 2022) Posted on 04/07/2022 11:33am

A bill for an act
relating to capital investment; appropriating money for a realignment of County
Road 19A and 100th Street South in the city of Cottage Grove; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin COTTAGE GROVE; REALIGNMENT OF COUNTY ROAD 19A AND
100TH STREET SOUTH; APPROPRIATION AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,500,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for one or
more grants to the city of Cottage Grove for predesign, design, right-of-way acquisition,
and construction of (1) a realignment of County Road 19A and 100th Street South, and (2)
a connection between the newly realigned 100th Street South and U.S. Highway 10. This
project includes construction of a bridge over an adjacent railroad track and construction
of multiuse trails along the roadway.
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 $10,500,000 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