HF 1524

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money
for improvements to marked Trunk Highway 60;
authorizing issuance of state trunk highway bonds.

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

Section 1. new text begin APPROPRIATION; T.H. 60.
new text end

new text begin $110,000,000 is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation
for expenditure for improvements to marked Trunk Highway 60, as
follows:
new text end

new text begin (1) $6,000,000 for the Bigelow bypass;
new text end

new text begin (2) $45,000,000 for the segment between Bigelow and
Worthington;
new text end

new text begin (3) $24,000,000 for the segment from Windom to south of
Mountain Lake;
new text end

new text begin (4) $15,000,000 for the segment from north of Mountain Lake
to south of Butterfield; and
new text end

new text begin (5) $20,000,000 for the segment from north of Butterfield
to south of St. James.
new text end

new text begin The commissioner may transfer funds between segments
identified in this section.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the
bond proceeds account in the trunk highway fund, the
commissioner of finance shall sell and issue bonds of the state
in an amount up to $110,000,000 in the manner, on 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. The proceeds from the bonds, except accrued
interest and any premium received on the sale of the bonds, must
be credited to the bond proceeds account in the trunk highway
fund.
new text end