HF 2328

as introduced - 89th Legislature (2015 - 2016) Posted on 05/13/2015 08:47am

A bill for an act
relating to capital investment; appropriating money for highway-rail grade
separation projects in Willmar; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HIGHWAY-RAIL GRADE SEPARATION PROJECTS; WILLMAR
WYE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Willmar to design and
construct rail grade separations at U.S. Highway 12 and Minnesota Highway 40 as part of
the Willmar Wye project. This appropriation is not available until the commissioner of
management and budget determines that an amount sufficient to complete the project is
available from nonstate sources.
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 $15,000,000 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