as introduced - 93rd Legislature (2023 - 2024) Posted on 01/17/2023 11:38am
A bill for an act
relating to transportation; appropriating money to construct a roundabout on marked
Trunk Highway 3 in Rosemount; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$....... is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation to construct a roundabout
on marked Trunk Highway 3 at its intersection with 142nd Street West in the city of
Rosemount.
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To provide the money appropriated in subdivision 1 from the bond
proceeds account in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $....... in the manner, upon the
terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, and
by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of the bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
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This section is effective the day following final enactment.
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