HF 2328

as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:09pm

A bill for an act
relating to transportation; capital investment; appropriating money for the
Willmar district headquarters; authorizing sale and issuance of state bonds.

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

Section 1. new text begin WILLMAR DISTRICT HEADQUARTERS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,370,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for the Willmar
district headquarters project and is added to the appropriation for the same project made in
Laws 2012, chapter 287, article 1, section 1, subdivision 2.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale authorization. new text end

new text begin To provide the money appropriated in this
section from the bonds 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
$4,370,000 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 on the sales of
the bonds, must be credited to a 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