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HF 4389

as introduced - 90th Legislature (2017 - 2018) Posted on 04/12/2018 02:36pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 04/12/2018

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for expanding marked Trunk
Highway 14 to four lanes from County Road 180 to the existing four-lane portion
of marked Trunk Highway 14; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginMARKED TRUNK HIGHWAY 14; STEELE AND DODGE COUNTIES.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $174,600,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to acquire property or permanent easements for,
and to design, engineer, construct, furnish, and equip an expansion of marked Trunk Highway
14 from the existing four-lane portion of marked Trunk Highway 14 in Dodge County to
County Road 180 in Steele County.
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 in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $174,600,000 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.
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