HF 3792

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/15/2024 09:35am

A bill for an act
relating to transportation; appropriating money for intersection improvements
along marked U.S. Highway 14 in the city of Byron; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin U.S. HIGHWAY 14 INTERSECTION IMPROVEMENTS;
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 $8,000,000 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 Byron, Olmsted County, or both for environmental documentation,
predesign, right-of-way acquisition, and final design of a project to remove at-grade
intersections and traffic signals along marked U.S. Highway 14, including but not limited
to intersections with Olmsted County State-Aid Highway 3 and Olmsted County State-Aid
Highway 5, in the city of Byron.
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, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $8,000,000 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, at the times and in the amounts requested by the
commissioner of transportation.
new text end