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HF 762

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 03/06/2003

Current Version - as introduced

  1.1                          A bill for an act 
  1.2             relating to capital improvements; appropriating money 
  1.3             and authorizing issuance of state bonds for 
  1.4             significant local roads; authorizing sale of state 
  1.5             bonds; appropriating money to the local road 
  1.6             improvement fund. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  [APPROPRIATION.] 
  1.9      $10,000,000 is appropriated from the bond proceeds fund to 
  1.10  the local road account for routes of regional significance in 
  1.11  the local road improvement fund under Minnesota Statutes, 
  1.12  section 174.52, subdivision 4. 
  1.13     Sec. 2.  [BOND SALE.] 
  1.14     To provide the money appropriated in section 1 from the 
  1.15  bond proceeds fund, the commissioner of finance shall sell and 
  1.16  issue bonds of the state in an amount up to $10,000,000 in the 
  1.17  manner, upon the terms, and with the effect prescribed by 
  1.18  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.19  Minnesota Constitution, article XI, sections 4 to 7.