HF 4226

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/26/2024 02:20pm

A bill for an act
relating to capital investment; appropriating money for resurfacing local roads in
the city of Tamarack; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin LOCAL ROAD RESURFACING; TAMARACK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $650,000 is appropriated from the bond proceeds account
in the state transportation fund to the commissioner of transportation for a grant to the city
of Tamarack to resurface local roads.
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 account, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $650,000 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