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 constructing interchange on marked Interstate
Highway 94 and Hennepin County Highway 101.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$45,000,000 is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation
for construction of an interchange on marked Interstate Highway
94 at its intersection with Hennepin County Highway 101
(Brockton Lane North), and related lane improvements.
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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 $45,000,000 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, 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 on the sale of
the bonds, must be credited to the bond proceeds account in the
trunk highway fund.
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Sections 1 and 2 are effective the day following final
enactment.
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