HF 2695

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/13/2023 04:54pm

A bill for an act
relating to capital investment; appropriating money for 109th Avenue North and
marked U.S. Highway 169 intersection improvements; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin CITIES OF BROOKLYN PARK AND CHAMPLIN; 109TH AVENUE
AND MARKED U.S. HIGHWAY 169 INTERSECTION IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for one or
more grants to the city of Brooklyn Park, the city of Champlin, or both for environmental
documentation, preliminary engineering, right-of-way acquisition, and final design for
intersection improvements at 109th Avenue North and marked U.S. Highway 169. This
appropriation does not require a nonstate contribution.
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 $10,000,000 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