HF 1421

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to highways; authorizing state bonds for 
  1.3             Central Avenue and Jefferson Highway project in Osseo. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [APPROPRIATION; HIGHWAY PROJECT.] 
  1.6      $1,700,000 is appropriated from the bond proceeds fund to 
  1.7   the commissioner of transportation for a grant to the city of 
  1.8   Osseo for completion of the Central Avenue and Jefferson Highway 
  1.9   project in the city. 
  1.10     Sec. 2.  [BOND SALE.] 
  1.11     To provide the money appropriated by section 1 from the 
  1.12  bond proceeds fund, the commissioner of finance shall sell and 
  1.13  issue bonds of the state in an amount up to $1,700,000 in the 
  1.14  manner, on the terms, and with the effect prescribed by 
  1.15  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.16  Minnesota Constitution, article XI, sections 4 to 7.