HF 2903

as introduced - 87th Legislature (2011 - 2012) Posted on 03/15/2012 11:56am

A bill for an act
relating to transportation; appropriating money for city costs of St. Croix River
bridge project; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. CROIX RIVER CROSSING; 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 $1,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Oak Park Heights, for
capital improvement costs incurred by the city as a result of the trunk highway system
project to construct a new bridge over the St. Croix River.
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 fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $1,000,000 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