HF 2761

as introduced - 91st Legislature (2019 - 2020) Posted on 03/28/2019 02:24pm

A bill for an act
relating to capital investment; appropriating money for an interchange on marked
Trunk Highway 65; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MARKED TRUNK HIGHWAY 65 INTERCHANGE; APPROPRIATION
AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
Anoka County to complete preliminary engineering, environmental documentation, and
final design of a grade separation and associated improvements to Anoka County State-Aid
Highway 12, known as 109th Avenue, at marked Trunk Highway 65 in the city of Blaine.
This appropriation is not available until the commissioner of management and budget
determines that at least an equal amount is committed to complete the project 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 subdivision 1 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 $1,500,000 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