HF 4292

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/14/2022 03:10pm

A bill for an act
relating to capital investment; appropriating money for improvements and
reconstruction of 2nd Avenue, 3rd Avenue, and 17th Street in the city of Newport;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin NEWPORT; IMPROVEMENTS TO 2ND AVENUE, 3RD AVENUE, AND
17TH STREET; APPROPRIATION AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,059,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for one or
more grants to the city of Newport for improvements and reconstruction of 3rd Avenue
between 16th and 21st Streets, 2nd Avenue between 16th and 17th Streets, and 17th Street
west of 3rd Avenue in the city of Newport. This project includes replacement of hydrants,
replacement of water main, replacement of sanitary sewer mains and lateral service lines,
and construction of storm water collection and treatment systems.
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 $5,059,000 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