as introduced - 89th Legislature (2015 - 2016) Posted on 05/07/2015 09:50am
Engrossments | ||
---|---|---|
Introduction | Posted on 02/16/2015 |
A bill for an act
relating to transportation; capital investment; appropriating money for
reconstruction of Robert Street in West St. Paul; authorizing the sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$8,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for a grant to
the city of West St. Paul to complete the reconstruction of South Robert Street, marked
as Trunk Highway 952.
new text end
new text begin
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 $8,000,000 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.
new text end
new text begin
This section is effective the day following final enactment.
new text end