as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to transportation; authorizing issuance of 1.3 $14,600,000 in state transportation bonds for local 1.4 bridge replacement and rehabilitation; appropriating 1.5 money. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [STATE TRANSPORTATION BONDS.] 1.8 Subdivision 1. [APPROPRIATION.] $14,600,000 is 1.9 appropriated to the commissioner of transportation to be spent 1.10 as grants to political subdivisions for replacement or 1.11 rehabilitation of bridges under Minnesota Statutes, section 1.12 174.50, subdivisions 4 to 7. Political subdivisions may spend 1.13 grants under this section to construct or reconstruct bridges, 1.14 including: 1.15 (1) matching federal-aid grants to construct or reconstruct 1.16 bridges; 1.17 (2) paying costs of preliminary engineering and 1.18 environmental studies authorized under Minnesota Statutes, 1.19 section 174.50, subdivision 6a; 1.20 (3) paying the costs of abandoning an existing bridge that 1.21 is deficient and in need of replacement, but where no 1.22 replacement will be made; and 1.23 (4) paying the costs of constructing a road or street to 1.24 facilitate the abandonment of an existing bridge the 1.25 commissioner determines is deficient, if the commissioner 2.1 determines that construction of the road or street is more cost 2.2 efficient than replacing the original bridge. 2.3 Subd. 2. [BOND SALE AUTHORIZATION.] To provide the money 2.4 appropriated in subdivision 1 the commissioner of finance, on 2.5 request of the governor, shall sell and issue general obligation 2.6 bonds of the state in an amount up to $14,600,000 in the manner, 2.7 upon the terms, and with the effect prescribed by Minnesota 2.8 Statutes, sections 16A.631 to 16A.675, and by the Minnesota 2.9 Constitution, article XI, sections 4 to 7. The proceeds of the 2.10 bonds, except accrued interest and any premium received on the 2.11 sale of the bonds, must be credited to a bond proceeds account 2.12 in the state transportation fund. 2.13 Sec. 2. [EFFECTIVE DATE.] 2.14 Section 1 is effective July 1, 1998.