as introduced - 89th Legislature (2015 - 2016) Posted on 04/07/2015 11:11am
A bill for an act
relating to transportation; highways; appropriating money for replacement of the
marked Interstate Highway 35W bridge over the Minnesota River; authorizing
the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$165,000,000 is appropriated from the bond
proceeds account in the trunk highway fund to the commissioner of transportation for
replacement of the bridge on marked Interstate Highway 35W over the Minnesota River at
the border of the counties of Dakota and Hennepin.
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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 $165,000,000 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.
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This section is effective the day following final enactment.
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