HF 3759

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

A bill for an act
relating to capital investment; appropriating money for improvements to Nicollet
Avenue in the city of Richfield; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RICHFIELD; NICOLLET AVENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Richfield to design and
construct approximately 1.4 miles of roadway, and active transportation and public utility
infrastructure on Nicollet Avenue (County State-Aid Highway 52) from 77th Street to 66th
Street (County State-Aid Highway 53) in the city. This appropriation includes money for
predesign necessary to complete the project and for the acquisition of real property or
right-of-way or easement acquisition within the corridor. This appropriation is for the city's
local cost-share and is to be used in cooperation with Hennepin County for the Nicollet
Avenue (County State-Aid Highway 52) reconstruction project.
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 $10,000,000 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