HF 621

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to bridges; authorizing issuance of
$70,000,000 in state transportation bonds for grants
to political subdivisions for the replacement,
rehabilitation, or repair of key bridges on the state
transportation system; appropriating money.

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

Section 1. new text begin APPROPRIATION; LOCAL BRIDGE GRANTS.
new text end

new text begin $70,000,000 is appropriated from the bond proceeds account
in the state transportation fund to the commissioner of
transportation. The commissioner shall spend this appropriation
as grants to political subdivisions for the replacement,
rehabilitation, and repair of key bridges on the state
transportation system. The commissioner shall make these grants
in accordance with and for the purposes of Minnesota Statutes,
section 174.50. Political subdivisions may use grants under
this section for the replacement, rehabilitation, or repair of
bridges, including, but not limited to:
new text end

new text begin (1) matching federal grants for bridge replacement,
rehabilitation, or repair;
new text end

new text begin (2) paying the costs of abandoning an existing bridge that
is deficient and in need of replacement, but where no
replacement will be made;
new text end

new text begin (3) paying the costs of constructing a road or street that
would facilitate the abandonment of an existing bridge
determined by the commissioner of transportation to be
deficient, if the commissioner determines that construction of
the road or street is more cost-efficient than replacing the
existing bridge; and
new text end

new text begin (4) paying costs authorized by Minnesota Statutes, section
174.50, subdivision 6a.
new text end

Sec. 2. new text begin ISSUANCE OF STATE TRANSPORTATION BONDS.
new text end

new text begin To provide the money appropriated from the state
transportation fund under section 1, the commissioner of finance
shall, on request of the commissioner of transportation, issue
and sell Minnesota state transportation bonds for the purposes
provided in Minnesota Statutes, section 174.51, subdivision 1,
in the aggregate principal amount of $70,000,000, in the manner
and on the conditions prescribed in Minnesota Statutes, section
174.51, and in the Minnesota Constitution, article XI. The
proceeds of the bonds must be deposited in the bond proceeds
account in the Minnesota state transportation fund for
expenditure in accordance with section 1 and with Minnesota
Statutes, section 174.50.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective July 1, 2005.
new text end