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HF 3710

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/13/2024 03:51pm

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

Engrossments
Introduction Posted on 02/13/2024

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 capital investment; appropriating money for an interchange at the
intersection of Highway 100 and Vernon Avenue in the city of Edina; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin EDINA; HIGHWAY 100 AND VERNON AVENUE/WEST 50TH STREET
INTERCHANGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $5,300,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for a grant to the city of Edina for preliminary design,
design, engineering, and construction of an interchange at marked Trunk Highway 100 and
Vernon Avenue/West 50th Street in the city of Edina.
 new text end

new text begin (b) Any surplus land created upon completion of the interchange project under this
section in the area bordered by Vernon Avenue/West 50th Street, Grange Road, Eden
Avenue, and marked Trunk Highway 100 must be dedicated for use by the city of Edina as
a fire station.
 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 account in the state transportation fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $5,300,000 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 accrued interest and any premium received on the sale of the bonds, must
be credited to the 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