as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:09pm
Engrossments | ||
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Introduction | Posted on 02/25/2014 |
A bill for an act
relating to transportation; capital investment; appropriating money for the design
and construction of speed change lanes near Watab Township; authorizing the
sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$10,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for the design and
construction of speed change lanes at the following intersections near Watab Township:
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(1) the intersection of marked U.S. Highway 10 and 75th Street Northwest;
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(2) the intersection of marked U.S. Highway 10 and 85th Street Northwest;
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(3) the intersection of marked U.S. Highway 10 and 95th Street Northwest;
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(4) the intersection of marked U.S. Highway 10 and 105th Street Northwest; and
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(5) the intersection of marked U.S. Highway 10 and 110th Street Northwest.
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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 $10,000,000 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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