HF 2667

as introduced - 92nd Legislature (2021 - 2022) Posted on 01/31/2022 10:31am

A bill for an act
relating to capital investment; appropriating money for reconstruction of 117th
Street in the city of Inver Grove Heights; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin INVER GROVE HEIGHTS; 117TH STREET RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
the city of Inver Grove Heights to design, acquire right-of-way, engineer, and reconstruct
117th Street to improve safety and traffic conditions. This appropriation includes the
relocation of utilities associated with the project.
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 account in the state transportation fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $2,000,000 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