HF 3878

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

A bill for an act
relating to capital investment; appropriating money for the reconstruction of Main
Street in the city of Rogers; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ROGERS; MAIN STREET (CSAH 150) RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 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 Rogers to construct and
reconstruct Main Street (County State-Aid Highway 150) in the city of Rogers from
Territorial Road (County State-Aid Highway 116) to John Deere Lane, including the
replacement of associated utilities, pedestrian safety improvements, and improvements
consistent with the safe routes to school program under Minnesota Statutes, section 174.40.
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 $5,000,000 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