as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to transportation; establishing a limit on appropriations for trunk
highway bond debt service; amending Minnesota Statutes 2004, section 167.50,
by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2004, section 167.50, is amended by adding a
subdivision to read:
new text begin
The biennial trunk highway fund appropriation for debt
service may not exceed five percent of the most recent previous projection of trunk
highway fund resources by the commissioner of finance.
new text end