HF 1319

as introduced - 90th Legislature (2017 - 2018) Posted on 02/16/2017 02:19pm

A bill for an act
relating to capital investment; appropriating money for the construction of
Heatherwood Road in St. Cloud; authorizing the sale and issuance of trunk highway
bonds.

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

Section 1. new text begin HEATHERWOOD ROAD PROJECT; APPROPRIATION AND TRUNK
HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for engineering,
right-of-way acquisition, and construction of an extension to Clearwater Road, to be known
as Heatherwood Road, in the city of St. Cloud.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale authorization. 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 $6,000,000
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 EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end