as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
Engrossments | ||
---|---|---|
Introduction | Posted on 02/27/2003 |
1.1 A bill for an act 1.2 relating to capital improvements; authorizing issuance 1.3 of state bonds; appropriating money for a segment of 1.4 county state-aid highway 42 in Dakota county. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [CSAH 42 IN DAKOTA COUNTY; APPROPRIATION.] 1.7 $7,000,000 is appropriated from the bond proceeds account 1.8 in the transportation fund to the commissioner of transportation 1.9 for construction of phases 1 and 2 of the segment 8 1.10 implementation plan to improve county state-aid highway 42 from 1.11 its intersection with county state-aid highway 5 in Dakota 1.12 county to its intersection with the border of Dakota county and 1.13 Scott county. 1.14 Sec. 2. [BOND SALE.] 1.15 To provide the money appropriated in section 1 from the 1.16 transportation fund, the commissioner of finance shall sell and 1.17 issue bonds of the state in an amount up to $7,000,000 in the 1.18 manner, upon the terms, and with the effect prescribed by 1.19 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.20 Minnesota Constitution, article XI, sections 4 to 7. The 1.21 proceeds of the bonds, except proceeds accrued by interest and 1.22 any premium received on the sales of the bonds, must be credited 1.23 to a bond proceeds account in the state transportation fund.