HF 5419

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/25/2024 10:44am

A bill for an act
relating to capital investment; appropriating money for improvements to 15th
Avenue NE in the city of Stewartville; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin 15TH AVENUE NE IMPROVEMENTS; THE CITY OF
STEWARTVILLE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Stewartville for construction
of an approximately one mile section of 15th Avenue NE within the High Forest Township
limits, that is adjacent to and borders the city of Stewartville. This appropriation may be
used to improve and pave the roadway and to address drainage issues at the intersection
with 6th Street NE, including replacing culverts and storm sewers.
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 $1,500,000 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