HF 4441

as introduced - 91st Legislature (2019 - 2020) Posted on 03/12/2020 01:19pm

A bill for an act
relating to capital investment; canceling previous appropriations; appropriating
money for road improvements in Swift County; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin CANCELLATION; BOND SALE AUTHORIZATION REDUCTION.
new text end

new text begin The uncommitted and unobligated amount of the appropriation from the bond proceeds
account in the state transportation fund in Laws 2017, First Special Session chapter 8, article
1, section 15, subdivision 3, paragraph (g), for township road upgrades in the town of
Appleton, estimated to be $1,000,000, is canceled, and the bond sale authorization in Laws
2017, First Special Session chapter 8, article 1, section 25, subdivision 1, is reduced by the
same amount.
new text end

Sec. 2. new text begin SWIFT COUNTY STATE-AID HIGHWAY 6; 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 $1,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
Swift County for preliminary and final design, engineering, and reconstruction of a segment
of County State-Aid Highway 6 between marked Trunk Highway 7 and County State-Aid
Highway 17 to provide for a ten-ton paved roadway.
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 $1,000,000 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