HF 3986

as introduced - 89th Legislature (2015 - 2016) Posted on 05/04/2016 08:44am

A bill for an act
relating to capital investment; appropriating money for highway construction in
the cities of Anoka and Ramsey; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION FOR HIGHWAY-RAIL GRADE SEPARATION
PROJECT IN THE CITY OF RAMSEY.
new text end

new text begin $11,500,000 is appropriated from the bond proceeds fund to the commissioner of
transportation for engineering, design, and right-of-way acquisition for construction of
an underpass on Anoka County State-Aid Highway 56, otherwise known as Ramsey
Boulevard, under the Burlington Northern Santa Fe railroad in the city of Ramsey. Of
this amount, up to $1,500,000 may be used for construction, engineering, design, and
right-of-way acquisition for other local road improvements identified in the Department of
Transportation's Trunk Highway 10 Planning Study between Ramsey Boulevard in the
city of Ramsey and Greenhaven Parkway in the city of Anoka.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
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 $11,500,000 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. The proceeds of the bonds, except accrued interest and any
premium received on the sale of the bonds, must be credited to the bond proceeds fund.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end