HF 2066

as introduced - 89th Legislature (2015 - 2016) Posted on 03/23/2015 01:21pm

A bill for an act
relating to transportation; highways; making an appropriation for construction
of a segment of marked Trunk Highway 23 as a four-lane divided highway;
authorizing the sale and issuance of state bonds.

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

Section 1. MARKED TRUNK HIGHWAY 23; APPROPRIATION AND TRUNK
HIGHWAY BOND SALE AUTHORIZATION.

Subdivision 1.

Appropriation.

(a) $....... is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for construction
of marked Trunk Highway 23 as a four-lane divided highway from the point where
marked Trunk Highway 23 ceases as a four-lane divided highway, located northeast of
Paynesville, to the point where marked Trunk Highway 23 commences as a four-lane
divided highway, located southwest of Richmond.

(b) Notwithstanding Minnesota Statutes, section 16A.28, this appropriation is
available for seven years after the year of appropriation.

Subd. 2.

Bond sale.

To provide the money appropriated in subdivision 1 from the
bond proceeds account in the trunk highway fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $....... in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except
accrued interest and any premium received from the sale of the bonds, must be deposited
in the bond proceeds account in the trunk highway fund.

EFFECTIVE DATE.

This section is effective the day following final enactment.