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HF 311

as introduced - 89th Legislature (2015 - 2016) Posted on 01/22/2015 02:25pm

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

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Bill Text Versions

Engrossments
Introduction Pdf Posted on 01/22/2015

Current Version - as introduced

A bill for an act
relating to transportation; capital investment; appropriating money for marked
Trunk Highway 62; authorizing the sale and issuance of trunk highway bonds.

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

Section 1. TRUNK HIGHWAY 62 EXPANSION; APPROPRIATION AND
TRUNK HIGHWAY BOND SALE AUTHORIZATION.

Subdivision 1.

Appropriation.

$......... is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation to expand
capacity and improve freight movement through engineering, right-of-way acquisition,
and construction of additional lanes on marked Trunk Highway 62 from the interchange at
marked Interstate Highway 35W to the interchange at marked Interstate Highway 494.

Subd. 2.

Bond sale authorization.

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.

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