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HF 2342

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/02/2023 02:11pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for improvements to local
roads and infrastructure in the city of Forest Lake; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin FOREST LAKE; LOCAL ROAD AND INFRASTRUCTURE
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,500,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for a grant to the city of Forest Lake for improvements
to Eureka Avenue from State Highway 97 to County Highway 32. Improvements include
predesign; design; construction; replacement or repair and installation of water, sewer, and
storm sewer utilities; street reconstruction, including improvements on roads adjacent to
the project locations; and other improvements or upgrades related to street work.
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 $4,500,000 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