HF 4520

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/12/2024 12:07am

A bill for an act
relating to capital investment; appropriating money for a road improvement project
in Benton County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BENTON COUNTY; CSAH 29.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,750,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Benton County to construct an extension
of County State-Aid Highway (CSAH) 29 as a new roadway connection between CSAH 1
and CSAH 3, as part of the Beltline Corridor project in the greater St. Cloud Area.
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 $8,750,000 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