HF 3594

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to transportation; authorizing sale of transportation bonds for roadside
properties on the Great River Road; appropriating money.

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

Section 1. new text begin GREAT RIVER ROAD PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,400,000 is appropriated to the commissioner of
transportation from the state transportation fund for the predesign, design, construction,
and restoration of historic roadside properties on the Great River Road. The commissioner
shall consult with the Minnesota Mississippi River Parkway Commission to determine
project priorities.
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
state transportation fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $3,400,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, 174.50, and 174.51, and
by the Minnesota Constitution, article XI, sections 4 to 7. The proceeds of the bonds,
except accrued interest and any premium received on the sale of the bonds, must be
credited to a bond proceeds account in the state transportation fund.
new text end