Skip to main content Skip to office menu Skip to footer
Minnesota Legislature

Office of the Revisor of Statutes

HF 1657

as introduced - 90th Legislature (2017 - 2018) Posted on 02/27/2017 04:09pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22
1.23

A bill for an act
relating to capital investment; appropriating money for certain trunk highway
projects in Hennepin County; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginHENNEPIN COUNTY TRUNK HIGHWAY PROJECTS;
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 $12,500,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for projects,
including preliminary and final design, engineering, environmental analysis, right-of-way
acquisition, construction, and reconstruction, that improve intersections or enhance safety
along segments of trunk highways in Hennepin County having (1) annual average daily
traffic greater than 16,000 vehicles; (2) a severe and fatal crash rate greater than 2.25 percent;
and (3) a fatality rate exceeding an average of three deaths per mile within an eight-mile
segment of a continuous, two-lane, two-way roadway.
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 $12,500,000 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