HF 4205

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/22/2024 02:55pm

A bill for an act
relating to capital investment; appropriating money for reconstruction of Clay
County State-Aid Highway 26; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CLAY COUNTY; COUNTY STATE-AID HIGHWAY 26.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,500,000 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 Clay County to predesign, design,
engineer, construct, and reconstruct Clay County State-Aid Highway 26 from Clay County
State-Aid Highway 27 to the Minnesota/North Dakota state border.
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 $4,500,000 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