as introduced - 90th Legislature (2017 - 2018) Posted on 04/12/2018 02:37pm
A bill for an act
relating to capital investment; appropriating money for the expansion of marked
Trunk Highway 14 to four lanes from County Road 180 to County Road 16;
authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$37,200,000 is appropriated from the bond proceeds
account in the trunk highway 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 to four lanes from County Road 180 to County
Road 16 in Steele County.
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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 $37,200,000 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.
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This section is effective the day following final enactment.
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