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HF 315

as introduced - 89th Legislature (2015 - 2016) Posted on 01/22/2015 02:26pm

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

Engrossments
Introduction Posted on 01/22/2015

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
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2.1

A bill for an act
 relating to transportation; capital investment; appropriating money for marked
I-35W and Lake Drive interchange improvements and realignment of West
Freeway Drive; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin INTERCHANGE AT MARKED I-35W AND LAKE DRIVE;
WEST FREEWAY DRIVE REALIGNMENT; APPROPRIATION AND TRUNK
HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $25,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for a grant to
Anoka County to (1) complete the design, land acquisition, engineering, and construction
of an interchange at the intersection of marked Interstate Highway 35W, marked Trunk
Highway 97, and County State-Aid Highway 23, and (2) realign and make associated
improvements to County State-Aid Highway 54, known as West Freeway Drive, in the
city of Columbus.
 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 subdivision 1 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 $25,000,000 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