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HF 2847

as introduced - 89th Legislature (2015 - 2016) Posted on 04/01/2016 10:16am

KEY: stricken = removed, old language.
underscored = added, new language.
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Bill Text Versions

Engrossments
Introduction Posted on 03/10/2016

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 2.1 2.2
2.3

A bill for an act
 relating to transportation; capital investment; appropriating money for certain
marked U.S. Highway 12 projects; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin U.S. HIGHWAY 12 PROJECTS; APPROPRIATION AND TRUNK
HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for projects,
including preliminary and final design, engineering, environmental analysis, right-of-way
acquisition, construction, and reconstruction on marked U.S. Highway 12 as follows:
 new text end

new text begin (1) realignment at the intersections with Hennepin County State-Aid Highway 92;
 new text end

new text begin (2) realignment and safety improvements at the intersection with Hennepin County
State-Aid Highway 90; and
 new text end

new text begin (3) safety median improvements from the interchange with Wayzata Boulevard in
Wayzata to approximately one-half mile east of the interchange with Hennepin County
State-Aid Highway 6.
 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 trunk highway fund, the commissioner of management
and budget shall sell and issue bonds of the state in an amount up to $15,000,000 in the
manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
and in the amounts requested by the commissioner of transportation. The proceeds of the
bonds, except accrued interest and any premium received from the sale of the bonds, must
be deposited in the bond proceeds account in the trunk highway fund.
 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