HF 2767

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/09/2023 12:50pm

A bill for an act
relating to capital investment; appropriating money for highway improvements in
Dakota County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin DAKOTA COUNTY; 117TH STREET IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for one or more grants to Dakota County, the city of
Inver Grove Heights, or both to reconstruct 117th Street between Rich Valley Boulevard
and Trunk Highway 52 in Inver Grove Heights to improve safety and mobility, and facilitate
an east-west transportation corridor to serve the adjacent, large industrial activity hubs.
new text end

new text begin The appropriation may be used for preliminary and final design, and to engineer, acquire
right-of-way and temporary and permanent easements, inspect, construct, and reconstruct
117th Street and other streets to support the construction of 117th Street, including
multipurpose pedestrian and bicycle trails, public utility relocation, and stormwater
management.
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 $8,000,000 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