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HF 1543

as introduced - 90th Legislature (2017 - 2018) Posted on 02/22/2017 11:48am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for modifications to a marked
Trunk Highway 610 interchange project; authorizing sale and issuance of state
bonds.

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

Section 1. new text begin MARKED TRUNK HIGHWAY 610 PROJECT MODIFICATIONS;
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 $18,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for the interchange
project at marked Trunk Highway 610, marked Interstate Highway 94, and the connection
from marked Trunk Highway 610 to Hennepin County State-Aid Highway 30, including:
new text end

new text begin (1) an access ramp from marked Trunk Highway 610 westbound to marked Interstate
Highway 94 eastbound;
new text end

new text begin (2) roadwork on marked Interstate Highway 94 south of the proposed county interchange
of the connection from marked Trunk Highway 610 to Hennepin County State-Aid Highway
30 and marked Interstate Highway 94 to Maple Grove Parkway; and
new text end

new text begin (3) drainage ponds adjacent to the connection from marked Trunk Highway 610 to
Hennepin County State-Aid Highway 30 and the marked Interstate Highway 94 interchange.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. 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 $18,000,000 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

Sec. 2. new text begin MARKED TRUNK HIGHWAY 610 PROJECT; APPROPRIATION AND
BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $27,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to construct and perform work or provide a grant
to the city of Maple Grove to construct and perform work for the interchange project at
marked Trunk Highway 610, marked Interstate Highway 94, and the connection from marked
Trunk Highway 610 to Hennepin County State-Aid Highway 30, including:
new text end

new text begin (1) a new county road spur connecting marked Interstate Highway 94, marked Trunk
Highway 610, and the connection from marked Trunk Highway 610 to Hennepin County
State-Aid Highway 30;
new text end

new text begin (2) county road bridges over marked Interstate Highway 94;
new text end

new text begin (3) an access ramp from the county road spur to marked Interstate Highway 94 eastbound;
new text end

new text begin (4) an access ramp from marked Interstate Highway 94 westbound to the new county
road spur;
new text end

new text begin (5) an access ramp or tie-in from the county road spur to marked Trunk Highway 610
eastbound; and
new text end

new text begin (6) an access ramp from marked Trunk Highway 610 westbound to the new county road
spur, including a bridge over the connection to marked Interstate Highway 94.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $27,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
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