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HF 18

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 01/09/2003

Current Version - as introduced

  1.1                          A bill for an act
  1.2             relating to highways; authorizing issuance of 
  1.3             $1,000,000,000 in state trunk highway bonds for trunk 
  1.4             highway improvements; appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION; TRUNK HIGHWAY IMPROVEMENTS.] 
  1.7      (a) The sum of $250,000,000 is appropriated to the 
  1.8   commissioner of transportation from the bond proceeds account in 
  1.9   the trunk highway fund in each of fiscal years 2004 through 2007.
  1.10  The commissioner shall spend these appropriations for trunk 
  1.11  highway improvements, including acquisition of real property, as 
  1.12  provided in this section. 
  1.13     (b) In fiscal year 2004, the commissioner shall spend money 
  1.14  appropriated under paragraph (a) as follows: 
  1.15     (1) one-third for improvements to trunk highways in at-risk 
  1.16  interregional corridors located primarily or entirely outside 
  1.17  the seven-county metropolitan area; 
  1.18     (2) one-third for removal of significant highway 
  1.19  bottlenecks within the seven-county metropolitan area; and 
  1.20     (3) one-third for trunk highway safety and capacity 
  1.21  improvement projects including but not limited to the addition 
  1.22  of lanes on trunk highway corridors with known safety problems.  
  1.23  In spending the amount under this clause, the commissioner shall 
  1.24  select from projects submitted by local units of government.  
  1.25  All necessary additional right-of-way, engineering costs, and 
  2.1   local cost share for these projects are the responsibility of 
  2.2   local units of government. 
  2.3      (c) In fiscal years 2005 through 2007 the commissioner 
  2.4   shall spend money appropriated under paragraph (a) as follows: 
  2.5      (1) 47.5 percent for trunk highways in at-risk 
  2.6   interregional corridors located primarily or entirely outside 
  2.7   the seven-county metropolitan area; 
  2.8      (2) 47.5 percent for removal of significant highway 
  2.9   bottlenecks within the metropolitan area; and 
  2.10     (3) five percent for trunk highway-related advantages to 
  2.11  transit. 
  2.12     (d) Notwithstanding any other provision of this section, 
  2.13  money made available to the commissioner under paragraph (b), 
  2.14  clause (3), for fiscal year 2005 may be spent in fiscal years 
  2.15  2005, 2006, and 2007. 
  2.16     Sec. 2.  [BOND SALE AUTHORIZATION.] 
  2.17     To provide the money appropriated in section 1 from the 
  2.18  bond proceeds account in the trunk highway fund, the 
  2.19  commissioner of finance shall sell and issue bonds of the state 
  2.20  in an amount up to $1,000,000,000 in the manner, upon the terms, 
  2.21  and with the effect prescribed by Minnesota Statutes, sections 
  2.22  167.50 to 167.52, and by the Minnesota Constitution, article 
  2.23  XIV, section 11, at the times and in the amounts requested by 
  2.24  the commissioner of transportation.  The proceeds of the bonds, 
  2.25  except accrued interest and any premium received from the sale 
  2.26  of the bonds, must be deposited in the bond proceeds account in 
  2.27  the trunk highway fund. 
  2.28     Sec. 3.  [EFFECTIVE DATE.] 
  2.29     Sections 1 and 2 are effective July 1, 2003.