HF 4093

as introduced - 91st Legislature (2019 - 2020) Posted on 03/11/2020 03:03pm

A bill for an act
relating to capital investment; appropriating money for design of a highway
interchange in Zimmerman; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ZIMMERMAN INTERCHANGE PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
Sherburne County for environmental documentation, preliminary engineering, and final
design of the local road portions of the proposed interchange project at marked U.S. Highway
169 and Sherburne County State-Aid Highway 4 in Zimmerman. Any money remaining
upon completion of the design process may be used to acquire right-of-way needed for the
local road portions of the interchange project.
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 $2,000,000 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