HF 4792

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/11/2024 02:15pm

A bill for an act
relating to capital investment; appropriating money for improvements to Nicollet
Avenue in the city of Richfield; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RICHFIELD; NICOLLET AVENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Richfield, Hennepin
County, or both to design and construct approximately 1.4 miles of roadway, and active
transportation and public utility infrastructure, including replacement of water main, sanitary
sewer main, and storm sewer main on Nicollet Avenue (County State-Aid Highway 52)
from 77th Street to 66th Street (County State-Aid Highway 53) and other streets to support
construction of Nicollet Avenue in the city. This appropriation includes money for predesign
necessary to complete the project and for the acquisition of real property or right-of-way
or easement acquisition within the corridor. This appropriation is for the city's local cost-share
and is to be used in cooperation with Hennepin County for the Nicollet Avenue (County
State-Aid Highway 52) reconstruction project.
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 $10,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end