HF 2221

as introduced - 89th Legislature (2015 - 2016) Posted on 04/15/2015 09:17am

A bill for an act
relating to capital investment; appropriating money for the 77th Street underpass;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin 77TH STREET UNDERPASS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,000,000 is appropriated from the bond
proceeds fund to the city of Richfield for right-of-way acquisition and construction of an
extension of 77th Street under marked Trunk Highway 77/Cedar Avenue in the city of
Richfield to provide local and regional access between Richfield, the Minneapolis/St. Paul
International Airport, the city of Bloomington, and the Mall of America.
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 $12,000,000 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