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HF 736

as introduced - 89th Legislature (2015 - 2016) Posted on 02/09/2015 02:12pm

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

Bill Text Versions

Engrossments
Introduction Posted on 02/09/2015

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for a bridge in Melrose;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MELROSE; BRIDGE REPLACEMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,432,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation, for a grant
to the city of Melrose under Minnesota Statutes, section 174.50, for replacement of the
Stearns County CSAH 13 Bridge and reconstruction of the intersection of 1st Street NE
and 5th Avenue SE.
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
state transportation fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $2,432,000 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. The proceeds of the bonds, except any
accrued interest and any premium received on the sale of the bonds, must be credited to
a bond proceeds account in the state transportation 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