HF 1607

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/04/2021 05:01pm

A bill for an act
relating to capital investment; appropriating money for reconstruction of marked
U.S. Highway 8; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MARKED U.S. HIGHWAY 8 RECONSTRUCTION; 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 $10,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
Chisago County to design, engineer, and construct a reconstruction of marked U.S. Highway
8 from Karmel Avenue in Chisago City to Interstate 35 and pedestrian and bike trails along
and crossings of this portion of U.S. Highway 8. This reconstruction may include expanding
segments of U.S. Highway 8 to four lanes, constructing or reconstructing frontage roads
and backage roads, and realigning local roads to consolidate, remove, and relocate access
onto and off of U.S. Highway 8. This appropriation is for the portion of the project that is
eligible for use of proceeds of general obligation bonds. This appropriation is not available
until the commissioner of management and budget determines that sufficient resources have
been committed from nonstate sources to complete the project. This appropriation is available
until the project is completed or abandoned.
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 fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $10,000,000 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 Subd. 3. new text end

new text begin Marked U.S. Highway 8 reconstruction; application of planned
spending. new text end

new text begin Amounts planned by the Department of Transportation for the resurfacing of
U.S. Highway 8, as reflected in the department's Metro District 10-Year Capital Highway
Investment Plan 2020-2029, shall instead be applied to the reconstruction of U.S. Highway
8 to supplement appropriations for that purpose from any fund in this section.
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