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 bridge crossing Mississippi River in Hennepin
County; authorizing issuance of general obligation
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$24,300,000 is appropriated from the bond proceeds account
in the state transportation fund to the commissioner of
transportation for the bridge crossing the Mississippi River at
Hennepin County State-Aid Highway 153, as provided in Minnesota
Statutes, section 174.50.
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To provide the money appropriated in section 1 from the
state transportation fund, the commissioner of finance shall
sell and issue bonds of the state in an amount up to $24,300,000
in the manner, on 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. The
proceeds of the bonds, except accrued interest and any premium
received on the sale of the bonds, must be credited to a bond
proceeds account in the state transportation fund.
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Sections 1 and 2 are effective the day following final
enactment.
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